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 22,500 units, and transferred 23,200 units of product to the Assembly department. Its 3,200 units of beginning work in process consisted of $71,650 of direct materials and $953,200 of conversion costs. It has 2,500 units (100% complete with respect to direct materials and 80% complete with respect to conversion) in process at month-end. During the month, $558,000 of direct materials costs and $2,272,400 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 3,200 units that were 100% complete with respect to direct materials and 40% complete with respect to conversion. Of the 23,200 units transferred out, 3,200 were from beginning work in process. The remaining 20,000 were units started and completed during May. . Assume that Tamar uses the FIFO method to account for its process costing system. 1. Prepare the Forming department's process cost summary for May using the FIFO method. (Round "Cost per EUP" to 2 decimal places.) Total costs to account for: $ 0 Total costs to account for: Total costs accounted for Difference due to rounding cost/unit Unit reconciliation: Units to account for: $ 0 Total units to account for Total units accounted for: Total units accounted for Equivalent units of production (EUP)- FIFO method Units % Materials EUP-Materials % Conversion EUP- Conversion 0 Total units Cost per equivalent unit of production Materials Conversion Total costs Costs Costs EUP 0 EUP 0 0 0 + Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Total costs accounted for: Beginning Inventory Cost: Cost per Cost to complete beginning inventory EUP EUP Total cost Total cost $ 0 Direct materials Conversion Total cost to complete beginning inventory Total cost of units in beginning inventory Cost of units started and completed EUP Cost per EUP Total cost Direct materials $ 0 $ 0.00 Conversion Total cost of units started and completed Total cost of units transferred out Costs of ending work in process EUP Cost per Total cost EUP $ 0.00 $ 0 $ 0.00 0 Direct materials Conversion Total cost of ending work in process Total costs accounted for 2. Prepare the journal entry dated May 31 to transfer the cost of units to Assembly. View transaction list Journal entry worksheet