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. Tamar Company manufactures a single product in two departments: Forming and Assembly. Information for the Forming process for May follows. Journal entry worksheet Record the transfer of goods to next department. Note: Enter debits before credits. \begin{tabular}{|c|c|c|c|c|c|c|} \hline \multicolumn{7}{|c|}{ TAMAR COMPANY_Forming Department } \\ \hline \multicolumn{7}{|c|}{ Production Cost Report - Weighted Average Method } \\ \hline \multicolumn{7}{|c|}{ For Month Ended May 31} \\ \hline \multicolumn{7}{|l|}{ Unit reconciliation: } \\ \hline \multicolumn{7}{|l|}{ Units to account for: } \\ \hline Beginning work in process inventory - units & 6,000 & & & & & \\ \hline Units started this period & 43,200 & & & & & \\ \hline Total units to account for & 49,200 & & & & & \\ \hline \multicolumn{7}{|l|}{ Units accounted for: } \\ \hline Completed and transferred out & 44,400 & & & & & \\ \hline Ending work in process & 4,800 & & & & & \\ \hline Total units accounted for & 49,200 & & & & & \\ \hline \multicolumn{7}{|l|}{ Equivalent units of production (EUP) } \\ \hline & & \multicolumn{2}{|c|}{ Direct Materials } & \multicolumn{3}{|c|}{ Conversion } \\ \hline & Units & % Complete & EUP & % Complete & & EUP \\ \hline Completed and transferred out & 44,400 & 100% & 44,400 & 40% & & 17,760 \\ \hline Ending work in process & 4,800 & 100% & 4,800 & 80% & & 3,840 \\ \hline Equivalent Units of Production & 49,200 & & 49,200 & & & 21,600 \\ \hline Cost per equivalent unit of production & & & Materials & & & nversion \\ \hline Costs of beginning work in process & & & 993,600 & & $ & 443,880 \\ \hline Costs added this period & & & 993,600 & & & 4,331,880 \\ \hline Total costs & & Costs & $1,987,200 & Costs & $ & 4,775,760 \\ \hline Equivalent units of production & & EUP & & EUP & & \\ \hline \multicolumn{3}{|l|}{ Cost per equivalent unit of production } & 0 & & & 0 \\ \hline \multicolumn{7}{|l|}{ Cost Assignment } \\ \hline Completed and transferred out & EUP & CostperEUP & Total cost & & & \\ \hline \multicolumn{7}{|l|}{ Direct materials } \\ \hline \multicolumn{7}{|l|}{ Conversion } \\ \hline \multicolumn{7}{|l|}{ Ending work in process } \\ \hline Direct materials & & 0.00 & $ & & & \\ \hline Conversion & & 0.00 & 0 & & & \\ \hline Total costs accounted for & & & & & & \\ \hline \end{tabular}