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 28.350 units and transferred 29.700 units of product to the Assembly department its 4.500 units of beginning work in process consisted of $21.300 of direct materials and $289.440 of conversion costs. It has 3.150 units (100% complete with respect to direct materials and 80% complete with respect to conversion) In process at month-end. During the month. $635700 of direct materials costs and $2.868,120 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. slo los Answer is complete but not entirely correct. Total costs to account for Costs of beginning work in process S 4,500 Costs incurred this period 28,350 X Total costs to account for: IS 32.850 Total costs accounted for 3.814,560 Difference due to rounding cost/unit S (3.781,710) Unit reconciliation: Units to account for: Beginning work in process inventory- units 4,500 Units started this period 28,350 Total units to account for 32.850 Total units accounted for: Units completed and transferred out 29,700 Ending work in process - units 3,150 Total units accounted for 32,850 Equivalent units of production (EUP)-weighted average method Units EUP % % Materials Materials Conversion Beginning goods in process inventory - units 29,700 100% 29,700 100% Units started this period 3,150 100% 3,150 80% Total units 32.850 32,850 Cost per equivalent unit of production Materials Costs of beginning work in process S 21,300 Costs incurred this period 635,700 Total costs Costs S 657,000 Costs = Equivalent units of production EUP 32,850 EUP Cost per equivalent unit of production $ 20.00 Total costs accounted for: EUP Cost of units transferred out: Cost per Total cost EUP Direct materials 29,700ls 20.00 $ 594,000 Conversion 29,700$ 98.00 2,910,600 Total costs transferred out $ 3,504,800 Costs of ending work in process EUP Cost per EUP Total cost Direct materials 3,150 $ 20.00 $ 83,000 Conversion 2,520$ 98.00 246,960 Total cost of ending work in process 309,980 Total costs accounted for $ 3,814,560 EUP Conversion 29,700 2.520 32.220 Conversion $ 289,440 2,888,120 $ 3,157,560 3,157,560 $ 1.00 pl