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Saved Required information The following information applies to the questions displayed below.] Tamar Co. manufactures a single product in two departments. All direct materials are

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Saved 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 22,950 units, and transferred 23,700 units of product to the Assembly department. Its 3,300 units of beginning work in process consisted of $93,945 of direct materials and $457,446 of conversion costs. It has 2550 units (100% complete with respect to direct materials and 80% complete with respect to conversion) in process at month-end. During the month, $525,555 of direct materials costs and $2,605,614 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 3,300 units that were 100% complete with respect to direct materials and 40% complete with respect to conversion . Of the 23,700 units transferred out, 3,300 were from beginning work in process. The remaining 20,400 were units started and completed during May. Assume that Tamar uses the FIFO method to account for its process costing system, 1. Prepare the Forming department's process cost summary for May using the FIFO method. (Round "Cost per EUP" to 2 decimal places.) Total costs to account for: 0 Total costs to account for Total costs accounted for 7 search O ai started and completed during May. Assume that Tamar uses the FIFO method to account for its process costing system. 1. Prepare the Forming department's process cost summary for May using the FIFO method. (Round "Cost per EUP" to 2 decimal places.) Total costs to account for: Total costs to account for $ 0 $ 0 Total costs accounted for Difference due to rounding cost/unit Unit reconciliation: Units to account for: Total units to account for Total units accounted for: Total units accounted for Equivalent units of production (EUP)- FIFO method Units % Materials EUP-Materials % Conversion EUP-Conversion 0 a search ORI

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