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 25,200 units of product to finished goods inventory Its 3,600 units of beginning work in process consisted of $20,400 of direct materials and $248,940 of conversion costs It has 2,700 units (100 complete with respect to direct materials and 80 complete with respect to conversion) in process at month end During the month, $677,100 of direct material costs and $2,350,260 of conversion costs were charged to production rev 11 25 2015 QC CS 33473 1 Prepare the companys process cost summary for May using the weighted average method 2 Prepare the journal entry dated May 31 to transfer the cost of completed units to finished goods inventory (Do not round intermediate calculations Round your final answer to the nearest whole dollar )

Question

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 25,200 units of product to finished goods inventory  Its 3,600 units of beginning work in process consisted of $20,400 of direct materials and $248,940 of conversion costs  It has 2,700 units (100  complete with respect to direct materials and 80  complete with respect to conversion) in process at month end  During the month, $677,100 of direct material costs and $2,350,260 of conversion costs were charged to production  rev  11 25 2015 QC CS 33473 1  Prepare the companys process cost summary for May using the weighted average method  2  Prepare the journal entry dated May 31 to transfer the cost of completed units to finished goods inventory  (Do not round intermediate calculations  Round your final answer to the nearest whole dollar )

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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

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1.	Prepare the companys process cost summary for May using the weighted-average method.

2.	Prepare the journal entry dated May 31 to transfer the cost of completed units to finished goods inventory. (Do not round intermediate calculations. Round your final answer to the nearest whole dollar.)