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Tamar Company manufactures a single product in two departments (processes): Forming and Assembly. All direct materials are added at the beginning of the forming process. Conversion costs are added evenly throughout each process. Information for the Forming department for May, 2020 is below:

Beginning Inventory 300 units with a total cost of $24,174, which consists of $1,980 of direct materials and $22,194 of

conversion costs

Started during May 2,160 units

Costs added during May $49,680 of direct materials and $216,594 of conversion costs

Completed and transferred to Assembly during May 2.220 units

Ending Inventory 240 units that were 80% complete with respect to conversion; all direct materials are added at the

beginning of the forming process.

Answers the following questions to complete the process cost summary report for Forming for the month of May. Answers in the first column (left) should contain words. Answers in the other columns should be numerical. DO NOT USE COMMAS, DOLLAR SIGNS, or DECIMALS in your answers. You should not need to round. Do NOT abbreviate words.

		Tamar Co
	Process	Cost Summary	-Forming
	Month	ended May, 2020
UNITS		Equivalent	Units
	Whole Units	Direct Materials	Conversion Costs
Units to account for:
		--	--
		--	--
Total units to account for
Units accounted for:
Total units accounted for
COSTS
		Direct Materials	Conversion Costs	Total Costs
Costs to account for:
Total costs to account for
Cost per EU
Costs accounted for:
Total costs accounted for

25 points

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