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 32,400 units, and transferred 34,200 units of product to the Assembly department. Its 5,400 units of beginning work in process consisted of $92,880 of direct materials and $768,708 of conversion costs. It has 3,600 units (100% complete with respect to direct materials and 80% complete with respect to conversion) in process at month-end. During the month, $784,080 of direct materials costs and $3,495,492 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 5,400 units that were 100% complete with respect to direct materials and 40% complete with respect to conversion.
• Of the 34,200 units transferred out, 5,400 were from beginning work in process. The remaining 28,800 were units started and completed during May.

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

Problem 16-5AA Part 1

1. Prepare the Forming departments process cost summary for May using the FIFO method. (Round "Cost per EUP" to 2 decimal places.)