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Required information [The following information apples to the questions displayed below Tamar Co. manufactures a single product in two departments. All direct materials are added
Required information [The following information apples to the questions displayed below Tamar Co. manufactures a single product in two departments. All direct materials are added at the beginning of the Forming process. Conversion costs are added evenly throughout the process. During May, the Forming department started 22,050 units and transferred 22,700 units of product to the Assembly department. Its 3,100 units of beginning work in process consisted of $19.900 of direct materials and $226,440 of conversion costs. It has 2,450 units (100% complete with respect to direct materials and 80% complete with respect to conversion) in process at month end. During the month $483,100 of direct materials costs and $1.992,960 of conversion costs were charged to the Forming department. 1. Prepare the Forming department's process cost summary for May using the weighted average method $ 0 Total costs to account for Casts of beginning work in process Costs incurred this period Total costs to account for Tatal costs accounted for Difference due to rounding costunit Un inconation: Units to account for $ 0 Total units to account for Total units accounted for: Total units accounted for vannits of production (EP) weighted at the Required information Total units accounted for Equivalent imits of production (LPI-weighted average method Units Materials EUP Materials Conversion EUP Conversion Total units Cost per equivalent unit at production Materials Conversion Costs EUP Costs EUP Total costs Equivalent units of production Cost per equivalent unit of production Total costs accounted for Cost of units transferred out 0 EUP Cost per EUP Total cost Direct materials EUP Conversion Total costs transferred out Costs of ending work in process Direct materiali Conversion Total cost of ending work in process Total costs accounted for Cost per EUP Total cost $ 0.00 $ $ 0.00 0 0
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