! Required information The following information applies 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 28,800 units, and transferred 30 200 units of product to the Assembly department. Its 4,600 units of beginning work in process consisted of $95,900 of direct materials and $861,508 of conversion costs. It has 3,200 units (100% complete with respect to direct materials and 80% complete with respect to conversion) in process at month-end During the month $642.240 of direct materials costs and $2,971,412 of conversion costs were charged to the Forming department. The following additional information is available for the Forming department Beginning work in process consisted of 4,600 units that were 100% complete with respect to direct materials and 40% complete with respect to conversion Or the 30,200 units transferred out, 4600 were from beginning work in process. The remaining 25,600 were units started and completed during May Assume that Tomar uses the FIFO method to account for its process costing system 1. Prepare the Forming department's process cost summary for May using the FIFO method. (Round "Cost per EUP" to 2 decimal places.) Answer is not complete. OS Total costs to account for: Cost of beginning work in process S 957,408 Costs incurred this period 3,613 652 Total costs to account for $ 4,571,060 Total costs accounted for Difference due to rounding cost/unit 0 Unit reconciliation: Units to account for: Beginning work in process inventory - units 4.600 Units started this period 51200 Total units to account for 55,800 Total units accounted for: Units completed and transferred out 30,200 Ending work in process- units 25,600 Total units accounted for 55 800 Equivalent units of production (EUP)- FIFO method OS Units Materials EUP Materials Conversion EUP- Conversion 0 Materials > Conversion Costs EUP Costs EUP Beginning work in process inventory - units 25 600 Units started and completed this period 25,600 Ending work in process units 4,600 Total units 51,200 Cost per equivalent unit of production Costs incurred this period Total costs Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Total costs accounted for Beginning Inventory Cost Cost to complete beginning inventory EUP Dired malenas 0 Conversion 2.760 Total cost to complete begring inventory Total cost of units in beginning inventory Cost of units started and completed EUP Direct matenals 25.600 Conversion 25,600 0 0 0 0 Cost per EUP Total cost Is 0 Cost per EUP Total cost $ 0 $ 0.00 USUS UN S ULCWU Required information Units completed and transferred out Ending work in process units Total units accounted for Equivalent units of production (EUP)- FIFO method 30,200 25,600 55,800 > X Units % Materials EUP Materials 0 Conversion EUP- Conversion XX Materials Conversion Costs EUP Costs EUP 0 0 0 0 Beginning work in process inventory units 25,600 Units started and completed this period 25,600 Ending work in process units 4600 Total units 51,200 Cost per equivalent unit of production Costs incurred this period Total costs - Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Total costs accounted for Beginning Inventory Cost Cost to complete beginning inventory EUP Direct materials 0 Conversion 2,760 Total cost to complete beginning inventory Total cost of units in beginning inventory Cost of units started and completed EUP Direct materials 25,600 Conversion 25,600 Total cost of units started and completed Total cost of units transferred out Cost per EUP Total cost 0 Cost per EUP Total cost $ 0 $ 0.00 EUP Total cost Costs of ending work in process Direct materials Conversion Total cost of ending work in process Total costs accounted for s Cost per EUP Is 0.00 $ 0.00 25,600 20,480 X X 0 0 0 $ 0 Equivalent units of production (EUP)- FIFO method Units % Materials EUP-Materials % Conversion EUP- Conversion 0 Materials Conversion Costs EUP 0 0 0 0 Beginning work in process inventory - units 25,600 Units started and completed this period 25,600 Ending work in process units 4,600 Total units 51,200 Cost per equivalent unit of production Costs incurred this period Total costs Costs Equivalent units of production EUP Cost per equivalent unit of production (rounded to 2 decimals) Total costs accounted for: Beginning Inventory Cost Cost to complete beginning inventory EUP Cost per EUP Direct matenals 0 Conversion 2,760 Total cost to complete beginning inventory Total cost of units in beginning inventory Cost of units started and completed EUP Cost per EUP Direct materials 25,600 Conversion 25 600 $ 000 Total cost of units started and completed Total cost of units transferred out Total cost $ 0 Total cost $ 0 Costs of ending work in process Direct matenals Conversion Total cost of ending work in process Total costs accounted for EUP Cost per Total cost EUP 25.500 5 000 $ 20,400 $ 0.00 0 0 $