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Tamar Company manufactures a single product in two departments: Forming and Assembly. Information for the Forming process for May follows. Assume that Tamar uses the
Tamar Company manufactures a single product in two departments: Forming and Assembly. Information for the Forming process for May follows. Assume that Tamar uses the FIFO method of process costing. The units started and completed for may total 19,200. Required: 1. Prepare the Forming department's production cost report for May using FIFO. 2. Prepare the May 31 journal entry to transfer the cost of units from forming to Assembly. Complete this question by entering your answers in the tabs below. Prepare the Forming department's production cost report for May using FIFO. Note: Round "Cost per EUP" to 2 decimal places
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