Return to question Part 1 of 2 Required information Problem 3-4A Weighted average: Process cost summary, equivalent units, cost estimates LO C2, C3, P4 [The following information applies to the questions displayed below.] 3 points 8 00:34:35 Tamar Co. manufactures a single product in one department. All direct materials are added at the beginning of the manufacturing process. Conversion costs are added evenly throughout the process. During May, the company completed and transferred 22,200 units of product to finished goods inventory. Its 3,000 units of beginning work in process consisted of $19,800 of direct materials and $221,940 of conversion costs. It has 2,400 units (100% complete with respect to direct materials and 80% complete with respect to conversion) in process at month-end. During the month, $496,800 of direct material costs and $2,165,940 of conversion costs were charged to production. IIIIIIIIIIIIII UNILS completed and transierreu out 100% 22,200 22,200 v 2,400 24,600 100% 80% Ending work in process - units Total units Cost per equivalent unit of production 100% 22,200 2,400 24,600 Materials | 1,920 24,120 Conversion $ 221,940 2,165,940 $ 2,387,880 99 $ 24,120.00 Total costs $ 19,800 496,800 $ 516,600 21 $ 24,600.00 Costs EUP Costs EUP + Equivalent units of production Cost per equivalent unit of production Total costs accounted for: Cost of units transferred out: EUP Total cost Cost per EUP $ 21.00 Direct materials 22,200 $ 466,200 Conversion 22,200 $ 99.00 2,197,800 Total costs transferred out $ 2,664,000 Costs of ending work in process EUP Total cost Direct materials Cost per EUP $ 21.00 $ 99.00 2,400 1,920 $ 50,400 190,080 Conversion Total cost of ending work in process Total costs accounted for 240,480 $ 2,904,480