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 30,700 units of product to finished goods inventory. Its 4,700 units of beginning work in process consisted of $140,275 of direct materials and $982,152 of conversion costs. It has 3,250 units (100% complete with respect to direct materials and 80% complete with respect to conversion) in process at month-end. During the month, $640,575 of direct material costs and $3,280,248 of conversion costs were charged to production.

Beginning work in process consisted of 4,700 units that were 100% complete with respect to direct materials and 40% complete with respect to conversion.

Of the 30,700 units completed, 4,700 were from beginning work in process. The remaining 26,000 were units started and completed during May.

Assume that Tamar uses the FIFO method to account for its process costing system.

Total costs to account for Cost of beginning work in process Costs incured this period Total costs to account for Total costs accounted for Difference due to rounding cost/unit 01$ 1,122.427 3.920.823 5 5,043.250 Units to account for: Beginning work in process inventory - units Units started this period Total units to account for 4700 29.250 33,950 Total units accounted for 30.700 3250 3.950 Units completed and transferred out Ending work in process-unis Total units accounted for alent units of production (EUP)- FIFO method EUP EUP- Units Beginning work in process inventory-units Units started and completed this period Ending work in process- units Total units 30.700 100% 30,700 3.250 33,950 30,700 2,600 33,300 100% 5001 100740 30,700 80% unit of Costs incured this period Total costs Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) 140,275 140,275 33.950 4.13 982,152 Costs 982.152 33,300 29.49 Costs EUP EUP for: otal costs Beginning Inventory Cost: Cost to complete beginning inventory 140,27 ost per EUP EUP Total cost 30,700 128,791 0,7005 29.49 Direct materials 29.49905,343 otal cost to complete beginning 1,032,134 Total cost of units in beginning inventory 1,172.409 ost per EUP Cost of units started and completed EUP Total cost Direct materials 3,250 4.13 13,423 3.250 29.49 95,843 Total cost of units started and 109,286 Total cost of units transferred out 1281,675 Costs of ending work in process st per EUP EUP Total cost Direct materials 3,250 |$ 4.13 |$ 13,423 5 29.49 Total cost of ending work in process Total costs accounted for