|Refer to the data in Problem 20-3A. Assume that Tamar uses the FIFO method of process costing. The units started and completed for May total 19,200. 1. Prepare the Forming department’s production cost report for May using FIFO. 2. Prepare the May 31 journal entry to transfer the cost of units from Forming to Assembly Tamar Co. manufactures a single product in two departments: Forming and Assembly. Information for the Forming process for May follows. 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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