Question: Required information Use the following Information for the Problems below. (Algo) [The following information applies to the questions displayed below.] Tamar Company manufactures a single
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Required information Use the following Information for the Problems below. (Algo) [The following information applies to the questions displayed below.] Tamar Company manufactures a single product in two departments: Forming and Assembly. Information for the Forming process for May follows. Problem 16-4A (Algo) FIFO: Production cost report LO C2, P4 Assume that Tamar uses the FIFO method of process costing. The units started and completed for may total 19,200. Required: 1. Prepare the Forming department's production cost report for May using FIFO. 2. Prepare the May 31 joumal entry to transfer the cost of units from forming to Assembly. Complete this question by entering your answers in the tabs below. Prepare the Forming department's production cost report for May using FIFO. (Round "Cost per EUP" to 2 decimal ploces.) Equivalent units of production (EUP) 1 Required information Required 2? Journal entry worksheet Record the transfer of goods to next department. Note: Enter debits before credits
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