$1$

Required information

Use the following information for the Problems below. $($Algo$)$

$[$The following information applies to the questions displayed below.$]$

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

$\backslash$table$[[,$Units,$\backslash$table$[[$Direct$],[$Materials$],[$Percent$],[$Complete$]],\backslash$table$[[$Conversion$],[$Percent$],[$Complete$]]],[\backslash$table$[[$Beginning work in process inventory$],[$Units started this period$]],\backslash$table$[[3,900],[28,989]],1007,485],[\backslash$table$[[$Units completed and transferred out$]],28,860,,],[$Ending work in process inventory,$3,120,1007,808],[\backslash$table$[[$Beginning work in process inventory$],[$Direct naterials$],[$Conversion$]],\backslash$table$[[\backslash$table$[[$$$25,740],[288,522]]]],$$$314,262,],[\backslash$table$[[$Costs added this period$],[$Direct materials$]],,,],[\backslash$table$[[$Conversion$],[$Total costs to accoun$]],2,815,722,(3,461,562)/(533,775,824),]]$

Problem $3-4$A $($Algo$)$ FIFO: Production cost report LO C$2,$ P$4$

Assume that Tamar uses the FIFO method of process costing. The units started and completed for may total $19,200.$

Required:

Prepare the Forming department's production cost report for May using FIFO.

Prepare the May $31$ journal entry to transfer the cost of units from forming to Assembly.

Journal entry worksheet

Record the transfer of goods to neat deportmene.

Note: Enter debts belore oredts.

$\backslash$table$[[$Dase$,$General Journal,Debit,Cradt$],[$May $31,,,],[,,,],[,,,],[,,,],[,,,]]$