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Beginning work in process inventory Units started this period Units completed and transferred out...

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Accounting

Beginning work in process inventory Units started this period Units completed and transferred out Ending work in process inventory Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for Units 6,450 46,440 47,730 5,160 $ 42,570 477,171 1,068, 120 4,656,771 Direct Materials. Percent Complete 100% 100% Conversion Percent Complete 40% $ 519,741 5,724,891 $ 6,244,632 80% 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 journal entry to transfer the cost of units from forming to Assembly.
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Assume that Tamat 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. Piepare the Moy 31 journal entry to transfer the cost of units from forming to Assembly

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