1 Winnipeg Tile produces ceramic tiles using two sequential production departments: Tile-Forming and Tile-Finishing. The following information was found for Winnipeg Tile's first production process, the Tile-Forming Department. int (Click the icon to view the data for the Tile-Forming Department.) edi $: 6 Requirement Use the five steps of process costing to calculate the cost that should be assigned to (1) units completed and transferred out and (2) units still in ending work in process inventory. Then prepare the journal entry needed at month-end to transfer the costs associated with the formed tiles to the next department, Tile-Finishing. Begin by summarizing the physical flow of units and computing total equivalent units for direct materials and for conversion costs. Winnipeg Tile: Tile-Forming Department Equivalent Unit Computation Month Ended May 31 Flow of Production an 2 20 Units to account for: Flow of Equivalent Units Physical Direct Conversion Units Materials Costs int ed s: 6 Winnipeg Tile produces ceramic tiles using two sequential production departments: Tile-Forming and Tile-Finishing. The following information was fe Tile's first production process, the Tile-Forming Department. (Click the icon to view the data for the Tile-Forming Department.) Requirement Use the five steps of process costing to calculate the cost that should be assigned to (1) units completed and transferred out and (2) units still in endir inventory. Then prepare the journal entry needed at month-end to transfer the costs associated with the formed tiles to the next department, Tile-Finis Flow of Physical Equivalent Units Direct Conversion Flow of Production Units Materials Costs Units to account for: Units accounted for: on 2 20 Total equivalent units Information about units: Beginning work in process, May 1 Started in production during May Winnipeg Tile Tile-Forming Department Month Ended May 31 2,700 units 26,300 units Completed and transferred to Finishing Department during May 23,000 units Ending work in process, May 31 (25% complete as to direct materials, 55% complete as to conversion cost) 6,000 units Information about costs: Beginning work in process, May 1 (consists of $1,500 of direct materials costs and $4,700 of conversion costs) $ 6,200 Direct materials used in May 9,280 Conversion costs incurred in May $ 33,435