Question

I just need help fixing the answers that have x's by them!

! 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 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 1. Prepare the Forming department's process cost summary for May using the weighted average method. Answer is complete but not entirely correct. Total costs to account for: Costs of beginning work in process Costs incurred this period Total costs to account for Total costs accounted for Difference due to rounding cost/unit Unit reconciliation: $ 221 940 X 2,662 740 $ 2,884,680 2,904 480 S (19,800) < Prax 7 8 of 8 Next >

Answer 1

Costs of beginning WIP = Direct materials + conversion costs

= $19800 + $221940 = $241740

Units completed and transferred out = 22,200 units

Equivalent units of production:

Materials = 22200 + 2400 = 24600 units

Conversion costs = 22200 + 1920 = 24120 units