Question: Required information. Use the following information for the Problems below. (Static) [The following information applies to the questions displayed below] Tamar Company manufactures a single
Required information. Use the following information for the Problems below. (Static) [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. Direct Materials Conversion Units Beginning work in process inventory Units started this period 3,000 Percent Percent Complete Complete 100% 48% 21,600 Units completed and transferred out 22,200 Ending work in process inventory 2,400 100% sex Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for $ 19,500 221,940 $241,740 496,200 2,165,940 2,662,740 $ 2,904,400 Unit reconciliation: Units to account for: Total units to account for Units accounted for: Total units accounted for Equivalent units of production (EUP) Equivalent Units of Production: Cost per equivalent unit of production Equivalent units of production Cost per equivalent unt of production TAMAR COMPANY-Forming Department Production Cost Report-FIFO Method For Month Ended May 31 Direct Materials Units % Added EUP Conversion EUP Added EUP Direct Materials EUP Conversic Cost Assignment Beginning work in process To complete beginning work in process Direct materials Conversion Started and completed Direct materials Conversion Completed and transferred out Ending work in process Direct materials Conversion Total costs accounted for EUP Cost per EUP Total cost $ 0 + EUP Cost per EUP Total cost S 0 5 0.00 EUP Cost per EUP Total cost $ 0.00 $ 0.00 Journal entry worksheet < 1 Record the transfer of goods to next department. Note: Enter debits before credits. Date May 31 General Journal Debit Credit Clear entry View general journal Record entry
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