Required information Problem 3-4A Weighted average: Process cost summary, equivalent units, cost estimates LO C2, C3, P4 The following information applies to the questions displayed below.) Tamar Co. manufactures a single product in one department. All direct materials are added at the beginning of the manufacturing process. Conversion costs are added evenly throughout the process. During May, the company completed and transferred 23,000 units of product to finished goods inventory. Its 5,300 units of beginning work in process consisted of $17,200 of direct materials and $325,440 of conversion costs. It has 3,550 units (100% complete with respect to direct materials and 80% complete with respect to conversion) in process at month-end. During the month, $460,700 of direct material costs and $2.465,280 of conversion costs were charged to production, Problem 3-4A Part 1. Prepare the company's process cost summary for May ng weighted average method. Problem 3-4A Part 1 1. Prepare the company's process cost summary for May using the weighted average method. Total costs to account for: Costs of beginning work in process $ Total costs to account for Total costs accounted for Difference due to rounding cost/unit Unit reconciliation: Units to account for: Total units to account for Total units accounted for: Total units accounted for Equivalent units of production (EUP)-weighted average method EUP. Units - Materials Materials Conversion Conversion Total units Cost per equivalent unit of production Materials Conversion Costs EUP Costs EUP EUP Couper Total cost Total costs + Equivalent units of production Cost per equivalent unit of production Total costs accounted for: Cost of units transferred out: Direct materials Conversion Total costs transferred out Costs of ending work in process Direct materials Conversion Total cost of ending work in process Total costs accounted for EUP Cost per Total cost $ S $ 0.00 0.00