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 29,700 units and transferred 31,200 units of product to the Assembly department Its 4,800 units of beginning work in process consisted of $21,600 of direct materials and $302.940 of conversion costs. It has 3.300 units (100% complete with respect to direct materials and 80% complete with respect to conversion) in process at month-end During the month, $564,900 of direct materials costs and $3,148,740 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 Total cost to account for S 0 Total costs to account for Total costs accounted for Difference due to rounding costunit Unit reconciliation Units to account for: $ 0 Total units to account for Total units accounted for: Total units accounted for Equivalent units of production (EUP). weighted average method Units Materials EUP Materials Conversion EUP. Conversion Total units Cost per equivalent unit of production Materials Conversion Total costs - Equivalent units of production Coots EUP Costs Total units accounted for: Total units accounted for Equivalent units of production (EUP) weighted average method Units % Materials EUP - Materials % Conversion EUP Conversion Total units Cost per equivalent unit of production Materials Conversion Costs EUP Costs EUP 0 EUP Cost per EUP 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 cost transferred out Costs of ending work in process Direct material Conversion Total cost of ending work in process Total costo accounted for EUP Cost per EUP Total cost $ 0.00 $ S 0.00 0 0 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 29,700 units and transferred 31,200 units of product to the Assembly department. Its 4,800 units of beginning work in process consisted of $21,600 of direct materials and $302,940 of conversion costs. It has 3,300 units (100% complete with respect to direct materials and 80% complete with respect to conversion) in process at month-end. During the month, $564,900 of direct materials costs and $3,148,740 of conversion costs were charged to the Forming department 2. Prepare the journal entry dated May 31 to transfer the cost of units to Assembly (Do not round intermediate calculations. Round your final answers to the nearest whole dollar) View transaction list View journal entry worksheet No Date May 31 Debit Credit 1 General Journal Work in process inventory-Assembly Work in process inventory-Forming
