Answered step by step
Verified Expert Solution
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 Forming process for May follows. Direct Materials Percent Complete 1000 Conversion Percent Complete 400 Units 3,000 21,600 22,200 2,400 1001 801 Beginning work in process inventory Units started this period Units completed and transferred out Ending work in process inventory Beginning work in process inventory Direct materials Conversion Conte added this period Direct materials Conversion Total costs to account for $ 19,800 221, 940 $ 241, 740 496,800 2,165,940 2.662.740 $ 2,904,480 TAMAR COMPANY-Forming Department Production Cost Report - Weighted Average Method For Month Ended May 31 Unit reconciliation: Units to account for: Total units to account for Total units accounted for Total units accounted for Equivalent units of production (EUP)- welghted average method Units % Materials EUP. Materials % Conversion EUP. Conversion Total units Materials Conversion Cost per equivalent unit of production Caste Cnete Total units Cost per equivalent unit of production Materials Conversion Total costs Costs Costs EUP EUP +Equivalent units of production Cost per equivalent unit of production Cost Assignment Completed and transferred out Direct materials Cost per EUP Total cost EUP Conversion Total Completed and transferred out Ending work in process $ 0.00 $ Direct materials OO $ Conversion 0.00 Total ending work in process Total costs accounted for Journal entry worksheet
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started