Calgary Tile produces ceramic tiles using two sequential production departments: Tile-Forming and Tile-Finishing. The following information was found for Calgary Tile's first 2 production process, the Tile-Forming Department. % (0 nin (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 sall 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 Jest /1) 5/1) Begin by summarizing the physical flow of units and computing total equivalent units for direct materials and for conversion costs. Calgary Tile: Tile-Forming Department Equivalent Unit Computation Month Ended May 31 Flow of Production 10 Secti Units to account for: Flow of Equivalent Units Physical Direct Conversion Units Materials Costs Inc Data table Information about units: Calgary Tile Tile-Forming Department Month Ended May 31 Beginning work in process, May 1 Started in production during May 2,100 units 16,900 units Completed and transferred to Finishing Department during May 17,000 units Ending work in process, May 31 (25% complete as to direct materials, 55% complete as to conversion cost) 2,000 units Information about costs: Beginning work in process, May 1 (consists of $900 of direct materials costs and $4,100 of conversion costs) $ 5,000 Direct materials used in May $ 6,100 Conversion costs incurred in May $ 33,910