D Required information Problem 03-4A 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 two departments. All direct materials are added at the beginning of the Forming process. Conversion costs are added evenly throughout the process. During May, the Forming department started 21,250 units and transferred 23,000 units of product to the Assembly department. Its 5,300 units of beginning work in process consisted of $17,200 of direct materials and $325,440 of conversion costs. It has 3,550 units (100% complete with respect to direct materials and 80% complete with respect to conversion) in process at month-end. During the month, $460.700 of direct materials costs and $2,465,280 of conversion costs were charged to the Forming department Problem 03-4A Part 1 1. Prepare the Forming department's process cost summary for May using the weighted average method. $ 342,640 2.925,980 3.268,620 $ Total costs to account for: Costs of beginning work in process Costs incurred this period Total costs to account for Total costs accounted for Difference due to rounding costunit Unit reconciliation: $ 0 % Materials UuCongo Units to account for: Beginning work in process inventory units 5,300 Units started this period 21,250 Total units to account for 26,550 Total units accounted for: Units completed and transferred out 23,000 Ending work in process - units 3,550 Total units accounted for 26,550 Equivalent units of production (EUP).weighted average method Units Units completed and transferred out 23,000 Ending work in process units 3,550 Total units 26,550 Cost per equivalent unit of production Costs of beginning work in process Costs incurred this period Total costs - Equivalent units of production Cost per equivalent unit of production Total costs accounted for Cost of units transferred out EUP 100% 100% EUP. Materials % Conversion EUP. Conversion 23,000 100% 23,000 3,550 30% 2,840 26,550 25,840 Materials Conversion Costs EUP Costs EUP Cost per EUP Total cost AAA Total units 26.550 20,500 Materials 23,040 Conversion Costs Cost per equivalent unit of production Costs of beginning work in process Costs incurred this period Total costs Equivalent units of production Cost per equivalent unit of production Total costs accounted for: Cost of units transferred out Direct materials EUP Costs EUP 0 EUP Cost per EUP Total cost Conversion 23,000 23,000 Total costs transferred out Costs of ending work in process Direct materials Conversion Total cost of ending work in process Total costs accounted for EUP Cost per EUP Total cost 3,550 $ 0.00 $ $ 0.00 0 0 A MacBook Pro