Required information

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Total costs to account for

Assume that Tamar uses the FIFO method of process costing. The units started and completed for may total $19,200.$

Required:

Prepare the Forming department's production cost report for May using FIFO.

Prepare the May $31$ journal entry to transfer the cost of units from forming to Assembly.

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Prepare the May $31$ journal entry to transfer the cost of units from forming to Assembly,

Note: Do not round intermediate calculations. Enter your answers rounded to the nearest whole dollars.$[$The following information applies to the questions displayed below.$]$

Tamar Company manufactures a single product in two departments: Forming and Assembly. Information for the Forming

process for May follows.

Assume that Tamar uses the FIFO method of process costing. The units started and completed for may total $19,200.$

Required:

Prepare the Forming department's production cost report for May using FIFO.

Prepare the May $31$ journal entry to transfer the cost of units from forming to Assembly.

Complete this question by entering your answers in the tabs below.