Required 1 Required 2 Prepare the Forming department's production cost report for May using the...
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Required 1 Required 2 Prepare the Forming department's production cost report for May using the weighted average method. TAMAR COMPANY_Forming Department Production Cost Report - Weighted Average Method For Month Ended May 31 Unit reconciliation: \begin{tabular}{|l|r|} \hline Units to account for: & \\ \hline Beginning work in process inventory - units & 4,050 \\ \hline Units started this period & 29,160 \\ \hline Total units to account for & 33,210 \\ \hline Units accounted for: & \\ \hline Completed and transferred out & 29,970 \\ \hline Ending work in process & 3,240 \\ \hline Total units accounted for & 33,210 \\ \hline \end{tabular} Equivalent units of production (EUP) Required information [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. 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
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