Chec Tamar Company manufactures a single product in two departments: Forming and Assembly. Information for the Forming process for May follows. Direct Materials Percent Complete 100% Conversion Percent Complete 40% Beginning work in process inventory Units started this period Units completed and transferred out Ending work in process inventory Units 6,300 45, 360 46,620 5,040 100% 80% $ 41,580 466,074 $ 507,654 Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for 1,043,280 4,548,474 5,591, 754 $ 6,099,408 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. TAMAR COMPANY-Forming Department Production Cost Report - Weighted Average Method For Month Ended May 31 Unit reconciliation: Units to account for: Total units to account for Total units accounted for: Total units accounted for Equivalent units of production (EUP)- weighted average method Units % Materials EUP-Materials % Conversion EUP- Conversion Total units Cost per equivalent unit of production Materials Conversion Costs Costs Total costs + Equivalent units of production Cost per equivalent unit of production EUP EUP 0 0 Cost per EUP Total cost EUP Cost Assignment Completed and transferred out Direct materials Conversion Total Completed and transferred out Ending work in process Direct materials Conversion Total ending work in process Total costs accounted for 0.00 $ 0 $ $ 0.00 0 Required 1 Required 2 Prepare the May 31 journal entry to transfer the cost of units from forming to Assembly. View transaction list Journal entry worksheet Record the transfer of goods to next department. Note: Enter debits before credits. General Journal Debit Credit Date May 31 Record entry Clear entry View general Journal