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 30.600 units, and transferred 32,200 units of product to the Assembly department. Its 5.000 units of beginning work in process consisted of $201.500 of direct materials and $440,104 of conversion costs. It has 3,400 units (100% complete with respect to direct materials and 80% complete with respect to conversion) in process at month-end. During the month, $688,500 of direct materials costs and $3,680,456 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 5.000 units that were 100% complete with respect to direct materials and 40% complete with respect to conversion . Of the 32 200 units transferred out, 5.000 were from beginning work in process. The remaining 27.200 were units started and completed during May Assume that Tomar uses the FIFO method to account for its process costing system 1. Prepare the Formine interne www Required information S 5,000 30,600 500 Show All items $ 0 Total costs to account for: Cost of beginning work in process Costs incurred this period Total costs to account for Total costs accounted for Difference due to rounding cost/unit Unit reconciliation: Units to account for: Beginning work in process inventory- units Units completed and transferred out Total units to account for Total units accounted for Units started this period 5,000 27 200 32,200 Total units accounted for Equivalent units of production (EUP)- FIFO method Units 9. Materials EUP-Materials Conversion EUP-Conversion 0 Total units Costnerevalent unit of reduction Materials Conversion Co search o 0 Total units Cost per equivalent unit of production Materials Conversion Costs Costs EUP EUP 0 0 0 Cost per EUP Total cost 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 Conversion Total cost to complete beginning inventory Total cost of units in beginning inventory Cost of units started and completed EUP Direct matonal Conversion Total cost of units started and completed Total cost of units transferred out $ Cost per EUP Total cost 3 0 $ 0.00 Search 3 TUDI V LIVE VILLEUW ZU Required information Cost to complete beginning inventory EUP Cost per Total cost EUP Book $ Direct materials Conversion Total cost to complete beginning inventory Total cost of units in beginning inventory Cost of units started and completed Direct materials Conversion Total cost of units started and completed Total cost of units transfocred out EUP Cost per EUP Total cost $ 0 $ 0.00 EUP Costs of ending work in process Direct materials Conversion Total cost of onding work in process Total costs accounted for Cost per Total cost EUP $ 000 $ 5 0.00 0 0