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Tamar Company manufactures a single product in two departments: Forming and Assembly. Intormation for the Forming process for May follows. Required: Prepare the Forming department's
Tamar Company manufactures a single product in two departments: Forming and Assembly. Intormation for the Forming process for May follows.
Required:
Prepare the Forming department's production cost report for May using the weighted average method.
Prepare the May journal entry to transfer the cost of units from Forming to Assembly.
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Prepare the Forming department's production cost report for May using the weighted average method.
TAMAR COMPANY Forming Dopartmont
Production Cost Roport Wolghted Averago Mothod
For Month Endod May
tableUnit reconclilation:,Units to account for:,Total units to account for,Units accounted for:,Total units accounted for,
Equlvalont units of production EUP
tableUnits,Direct Matorials,Conversion Complote,EUP, Complete,EUPEquivalent Units of ProductionCost per equlvalent unit of production,,,Materials,,ConversionfffitTotal costs,,Costs,,Costs, Equivalent units of production,,EUP,,EUP,Cost per equivalent unit of productionCost AssignmentCompleted and transferred out,EUP,tableCost perEUPTotal cost,,Direct materialsConversionEnding work in processDirect materials,TConversionTotal costs arrouintad for,,,,,
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