Exam 2 - Chapters 16 and 17 Peip 11 Required information The following information applies to the questions displayed below) Tomar Company manufactures a single product in two departments Forming and Assembly Information for the Forming process for May follows: 30 DO Direct uterus mersion Percent recent Complete Cooler AN 100% Beginning work in process inventory Units started this period Units completed and transferred out Ending work in process invatory Unit 3.450 24,00 25,50 2,760 100 $ 22,70 255 231 Beginning work in process Entry Direct materials Conversion Costs added this period Direct noterials Conversion Total costs to account for 373,330 2002 Required: 1. Prepbrothe Forming department's production cost report for Maying the weed average method 2. Prepare the May 31 jouma ently to transfer the cost of its from Forming Assembly I VOur annwers in the tabs below 11 Required: 1. Prepare the Forming department's production cost report for May using the weighted average method 2. Prepare the May 31 journal entry to transfer the cost of units from Forming to Assembly 30 point Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the Forming department's production cost report for May using the weighted average method TAMAR COMEWNYoung Dee Production Coal Report - Weighted Average Method For Month Ended May 1 Limit reconciliation Units to account for Beginning work in promote 340 Unit started this period 24.840 Total units to account for 26200 Units accounted for Completed and transferred out 25530 Ending word process 2760 Total accounted for 25.250 Fournits of producho EU Directa CO 11 PHIM | | | 2.700 28.200 Total units accounted for action 30 points Det Complete 100% 100% 100% 25,500 2.760 28 290 30% EUP 25,530 2.750 20 290 Material $ 22,770 571.330 S 59490 FUP 25 530 2208 27.730 COVE s 255 231 2.490.831 52.746.052 Costs Completed and transferred out Ending work in process Equivalent Units of Production co per quanto production Contot beginning work in process Costs added this period Total costs - Equivalent units of production Cost per equivalent unit of production Cost Assignment Completed and transferred out Direct material von CON FUP EUP 0 EUP Cost per CUP Total cost S 0.00 Ending work in process Die meest Coro 000 IM NOX 0004 Percore ULRA! COST Assignment Completed and transferred out Direct materials Conversion EUP Cost per EUP Total cost Ending work in process Direct materials Conversion 0 u v 0.00 $ 0.00 5 0 Total costs accounted for Required 2 > Complete this question by entering your answers in the tabs below. 20:44 Required 1 Required 2 Prepare the May 31 journal entry to transfer the cost of units from Forming to Assembly. View transaction lit View journal entry worksheet No Date Debit Credit 1 May 31 General Journal Finished goods inventory Work in process inventory Forming