Tamar Co. manufactures a single product in two departments: Forming and Assembly. Information for the Forming process for May follows.

Required
1. Prepare the Forming department's production cost report for May using the weighted average method.
2. Prepare the May 31 journal entry to transfer the cost of units from Forming to Assembly.

Transcribed Image Text:

Beginning work in process inventory.. Units started this period........ Units completed and transferred out... Ending work in process inventory.... Direct Materials Units Percent Complete 100% 3,000 21,600 22,200 2,400 100% Conversion Percent Complete 40% 80% Beginning work in process inventory Direct materials...... Conversion.... Costs added this period Direct materials.... Conversion...... Total costs to account for.... $ 19,800 221,940 $ 241,740 496,800 2,165,940 2,662,740 $2,904,480