Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Required information [The following information applies to the questions displayed below.] Tamar Company manufactures a single product in two departments: Forming and Assembly. Information for

Required information [The following information applies to the questions displayed below.] Tamar Company manufactures a single product in two departments: Forming and Assembly. Information for the Form process for May follows. Direct Materials Conversion Percent Percent Units Complete Complete Beginning work in process inventory Units started this period. 3,900 100% 40% 28,080 Units completed and transferred out 28,860 Ending work in process inventory 3,120 100% 80% Beginning work in process inventory Direct materials Conversion. Costs added this period Direct materials Conversion $ 25,740 288,522 $ 314,262 645,840 Total costs to account for 2,815,722 3,461,562 $ 3,775,824 of 2 TAMAR COMPANY-Forming Department Production Cost Report - FIFO Method For Month Ended May 31 Unit reconciliation: Units to account for: Beginning work in process Units started this period 3,900 28,080 Total units to account for 31.980 Units accounted for: Units started and completed Ending work in process Total units accounted for Equivalent units of production (EUP) Beginning work in process Units started and completed this period Equivalent Units of Production Cost per equivalent unit of production -Equivalent units of production Cost per equivalent unit of production Cost Assignment Beginning work in process 00 00 3,120 Units Direct Materials % Added EUP 0 Direct Materials EUP Conversion % Added 0 EUP 0 To complate haninninn work in mace FLIP Cost per Total cost EUP Conversion 0 0 Units started and completed this period Equivalent Units of Production Cost per equivalent unit of production Equivalent units of production Cost per equivalent unit of production EUP Direct Materials Conversion 0 EUP 0 Cost Assignment Beginning work in process Cost per To complete beginning work in process EUP Total cost EUP Direct materials $ 0 Conversion Started and completed Direct materials Conversion Completed and transferred out Ending work in process Direct materials Conversion Total costs accounted for EUP Cost per EUP Total cost $ 0 $ 0.00 Cost per EUP Total cost EUP $ 0.00 $ 0 $ 0.00 0 0

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Wiley Gaap Interpretation And Application Of Generally Accepted Accounting Principles 2009

Authors: Barry J. Epstein, Ralph Nach, Steven M. Bragg

1st Edition

0470286067, 978-0470286067

More Books

Students also viewed these Accounting questions