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#10 need help with 1 and 2 please Required Information [The following information applies to the questions displayed below.] Tamar Company manufactures a single product

#10 need help with 1 and 2 please

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Required Information [The following information applies to the questions displayed below.] Tamar Company manufactures a single product in two departments: Forming and Assembly. Information for the Forming process for May follows. Direct Materials Conversion Percent Percent Units Complete Complete Beginning work in process inventory 5, 550 100% 108 Units started this period 39 , 960 Units completed and transferred out 41, 070 Ending work in process inventory 4,440 100% 808 Beginning work in process inventory Direct materials $ 36, 630 Conversion 410,589 $ 447, 219 Costs added this period Direct materials 919 , 080 Conversion 4, 006,989 4, 926,069 Total costs to account for $ 5, 373, 288 Required: 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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