Requieu Tr UUT [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 25,200 units and transferred 26,200 units of product to the Assembly department. Its 3,800 units of beginning work in process consisted of $20,600 of direct materials and $257,940 of conversion costs. It has 2,800 units (100% complete with respect to direct materials and 80% complete with respect to conversion) in process at month-end. During the month, $501,400 of direct materials costs and $2,500,740 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. Total costs to account for: Total costs to account for: $ 0 Total costs accounted for Difference due to rounding cost/unit 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 Conversion Materials Cost per equivalent unit of production Costs Costs Total costs EUP EUP 0 0 - Equivalent units of production Cost per equivalent unit of production Total costs accounted for Total cost EUP Cost per EUP Cost of units transferred out: Direct materials Conversion Total costs transferred out EUP Cost per EUP Total cost Costs of ending work in process $ 0 0.00 $ Direct materials $ 0 0.00 Conversion Total cost of ending work in process Total costs accounted for 2. Prepare the journal entry dated May 31 to transfer the cost of units to Assembly (Do not round Intermediate calculations. Round your final answers to the nearest whole dollar.) View transaction list Journal entry worksheet Record the transfer of goods to next department Note: Enter debits before credits Date General Journal Debit Credit May 31 Record entry Clear entry View general Journal