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 26,700 units of product to finished goods inventory. Its 3,900 units of beginning work in process consisted of $20,700 of direct materials and $262,440 of conversion costs. It has 2,850 units (100% complete with respect to direct materials and 80% complete with respect to conversion) in process at month-end. During the month, $599,850 of direct material costs and $2,577,600 of conversion costs were charged to production.

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1. Prepare the company's process cost summary for May using the weighted-average method. 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- onversion Units % Materials EUP-Materials %Conversion Total units ost per equivalent unit of production Materials 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 0.00 Conversion 0.00 Total cost of ending work in process Total costs accounted for