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Taroar Company manufactures a single product in two departments. Forming and Assenbly. Intormation for the forming process for May follows. Assume that Tamar uses the
Taroar Company manufactures a single product in two departments. Forming and Assenbly. Intormation 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
Required:
Prepare the Forming department's production cost report tor May using FRO.
Prepare the Moy journal entry to transfer the cost of units from forming to Assombly.
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Prepare the Forming departments production coet report for May using FIFO.
Note: Reund "Coet per Eupt to decimal places.
tableTAMUR COMPANYForesing DepartmedPreduction Cost Rapont FiFO BetiodFer Month Ended May tableUnit reconcliation:Unite to seceingl forUnith to acceunt for:Bejinning wesk in process,QUnils ataned this peried,eTotal unlts to account for,,Unita accounited for:Begixning wont in process,aUnits ctored neve somplesed,aEnding wark in procelts,QEquivalept units of preduction CUPDirect Materials,CenversionEUP, Added,EUPUnits,QtableEnding anork in procassEquivelent Unlis of ProductionOtableDinectMaterlalsConveralentableCent por eculvalent sinal of productionCosts asdied this periodtableCocts addid this period Eqvivent units of productionEUP,,EUP,table Equivient units of productionCost per equivilent unst of pruedultionCoat Auslgriment,Beginimo waki in nocees,EUP,tableCesel perEuPTolel cest,,tableTo eamplete begiening wok in processDired sabalaisQConeneralionStarted ard conpleted,,Eup,tableCont perEUPTolal sost,,Dired materiail,,,,,DConversionCongleted and Fandered anEnding werk in poccess,,EUP,tableCent pernupTotal cons,,Divect netelas,,,ConverionTocial ceala noconeses tor,,,,,,,
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