Tamar Co. manufactures a single product in two departments.

Required information Problem 20-5AA FIFO: Process cost summary; equivalent units; cost estimates LO C3, C4, P4 The following information applies to the questions displayed below) 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 27.450 units, and transferred 28,700 units of product to the Assembly department. Its 4,300 units of beginning work in process consisted of $120,795 of direct materials and $653,810 of conversion costs. It has 3.050 units (100% complete with respect to direct materials and 80% complete with respect to conversion) in process at month-end. During the month. $669,780 of direct materials costs and $2.927,290 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 4,300 units that were 100% complete with respect to direct materials and 40% complete with respect to conversion. Of the 28,700 units transferred out, 4,300 were from beginning work in process. The remaining 24,400 were units started and completed during May. Assume that Tamar uses the FIFO method to account for its process costing system. 2. Prepare the journal entry dated May 31 to transfer the cost of units to Assembly View transaction list Journal entry worksheet Record the transfer of goods to next department. Note: Enter debits before credits. General Journal Debit Credit Date May 31 Record entry Clear entry View general journal