Use these Inventory T-accounts for Tamar Co. for May as directed in the requirements below. Note - These T accounts will not be complete until you reach requirement WIP-Forming WIP-Assembly Raw Material Inventory Finished Goods Inventory Bal 5/1 420,000 Bal 5/1 -0- Bal 5/31 350,000 Bal 5/31 -0-1) Information for Second Department: The analysis you completed on connect for Tamar Co. relates to their FIRST department- Forming. We will use information from this department to calculate values for you to use in the SECOND department - Assembly later in the project. Units: Include the number of units in beginning and ending inventory for the Forming department in the table below - Forming column. (These can be found in the paragraph of given information of Question 21 on HW3.1) . Multiply the units by the "factors" provided in the table to calculate the number of units for Assembly's beginning and ending inventory. Units in WIP-Assembly Forming (connect) Factor (multiply) Assembly Beginning # of units 1.20 Ending # of units 0.80 b) Beginning Inventory Costs for Assembly: The assembly department will have 4 categories of costs for its process costing calculations; Forming Costs (transferred in from first department), Packaging costs (one category of direct material, Other direct material (a 2"d category of direct material) and Conversion costs (category combining direct labor and overhead). For the cost in the Assembly department's beginning inventory, use the BEGINNING costs for direct material and conversion from the Forming department (connect) and the factors provided below to calculate the "other direct material" and conversion costs in beginning inventory for Assembly department. Add all cost categories together for the "Total Costs". These amounts should be the beginning balance in the T accounts at the top of the project. Costs in Beginning WIP-Assembly Forming Cost Forming Costs Factor Assembly Cost Assembly Category (connect (multiply) Category N/A N/A given value Forming $400,000 N/A N/A given value Packaging 200,000 Direct Material Costs 0.40 Other DM Conversion Costs 0.50 Conversion Total CostsRequired information [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 19,450 units and transferred 21,000 units of product to the Assembly department. Its 4,900 units of beginning work in process consisted of $21,700 of direct materials and $307,440 of conversion costs. It has 3,350 units (100% complete with respect to direct materials and 80% complete with respect to conversion) in process at month-end. During the month, $416,600 of direct materials costs and $1,823,760 of conversion costs were charged to the Forming department