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Tamar Co. manufactures a single product in two departments.All direct materials are added at the beginning of the Forming process...

Required Information 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 24,300 units, and transferred 25,200 units of product to the Assembly department. Its 3,600 units of beginning work in process consisted of $40,320 of direct materials and $1,006,848 of conversion costs. It has 2.700 units (100% complete with respect to direct materials and 80% complete with respect to conversion) in process at month-end. During the month $573.480 of direct materials costs and $2.413.152 of conversion costs were charged to the Forming department. The following additional information is available for the Forming department. Beginning work in process consisted of 3.600 units that were 100% complete with respect to direct materials and 40% complete with respect to conversion Of the 25,200 units transferred out, 3.600 were from beginning work in process. The remaining 21.600 were units started and completed during May. Assume that Tamar uses the FIFO method to account for its process costing system. Assume that Tamar uses the FIFO method to account for its process costing system, 1. Prepare the Forming department's process cost summary for May using the FIFO method. (Round "Cost per EUP to 2 decimal places.) $ 241,740 $ 241.740 Total cost to account for Cost 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: Units to account for: $ 0 nt ences Total units to account for Total units accounted for Total units accounted for Total units accounted for Equivalent units of production (EUP)- FIFO method Units % Materials EUP. Materials Conversion EUP. Conversion 0 Total units Conversion Materials Cost per equivalent unit of production Costs Costs Total costs + Equivalent units of production EUP 0 EUP 0 0 Cost per equivalent unit of production (rounded to 2 decimals) Total cost accounted for Beginning Inventory Cost: Cost to complete beginning inventory EUP/ Cost per EUP Total cost Direct materials $ 0 Conversion Total cost to complete beginning inventory Total cost of units in beginning inventory Cost of units started and completed Cost per EUP Total cost EUP $ 0 Direct materials $ 0.00 Conversion Total cost of units started and completed Total cost of units transferred out Cost per EUP Total cost Costs of ending work in process EUP 0.00 $ 0 Direct materials $ 0.00 0 Conversion Total cost of ending work in process Total costs accounted for

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