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 29,200 units of product to finished goods inventory. Its 4,400 units of beginning work in process consisted of $21,200 of direct materials and $284,940 of conversion costs. It has 3,100 units (100% complete with respect to direct materials and 80% complete with respect to conversion) in process at month-end. During the month, $592,500 of direct material costs and $2,788,020 of conversion costs were charged to production.

1. Prepare the company's process cost summary for May using the weighted-average methood Total costs to account for. Total costs to account for: Total costs accounted for Difference due to rounding cost/unit nit reconciliation: Units to account for: Total units to account for Total units accounted for: Total units accounted for Equivalent units of production (EUP)- weighted average method EUP Conversion % Materials Materials EUP Units % Conversion Total units Cost per equivalent unit of production Materialss Conversion Total costs Equivalent units of production Cost per equivalent unit of production Total costs accounted for. Cost of units transferred out: Costs Costs EUP EUP Cost per EUP EUP Total cost Direct materials Conversion Total costs transferred out Cost per EUP Costs of ending work in process EUP Total cost Direct materials Conversion Total cost of ending work in process Total costs accounted for