Question

2. Prepare the journal entry dated May 31 to transfer the cost of units to Assembly.

Check my work [The following information applies to the questions displayed below.] 14.28 points 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 21,600 units, and transferred 22,200 units of product to the Assembly department. Its 3,000 units of beginning work in process consisted of $19,800 of direct materials and $221,940 of conversion costs. It has 2,400 units (100% complete with respect to direct materials and 80% complete with respect to conversion) in process at month-end. During the month, $496,800 of direct materials costs and $2,165,940 of conversion costs were charged to the Forming department. eBook Print References 2. Prepare the journal entry dated May 31 to transfer the cost of units to Assembly View transaction list Journal entry worksheet Record the transfer of goods to next department.

Answer 1

In the Books of Tamar Co.
Date	Particulars	Amount ($)	Amount ($)
May-31	Finished Goods Inventory	2667840
	To Work in Process Inventory		2667840
Grand Total		2667840	2667840