Check my w Required information Problem 3-4A Weighted average: Process cost summary, equivalent units, cost estimates LO C2, C3, P4 [The following information applies to the questions displayed below] Tamar Co. manufactures a single product in one department. All direct materials are added at the beginning of the manufacturing process. Conversion costs are added evenly throughout the process. During May, the company completed and transferred 24,200 units of product to finished goods inventory. Its 3,400 units of beginning work in process consisted of $20,200 of direct materials and $239,940 of conversion costs. It has 2,600 units (100 % complete with respect to direct materials and 80 % complete with respect to conversion) in process at month-end. During the month, $596,200 of direct material costs and $2,204,100 of conversion costs were charged to production. Problem 3-4A Part 1 1. Prepare the company's process cost summary for May using the weighted-average method.