Required information 2 [The following information applies to the questions displayed below.] ces Tamar Company manufactures a single product in two departments: Forming and Assembly. Information for the Forming process for May follows. Direct Materials Conversion Units Beginning work in process inventory Units started this period 4,650 Percent Complete 100% Percent Complete 40% 33,480 Units completed and transferred out 34,410 Ending work in process inventory 3,720 100% 80% Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion $ 30,690 344,007 $ 374,697 770,040 3,357,207 4,127,247 Total costs to account for $ 4,501,944 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. Required 1 Required 2 Prepare the Forming department's production cost report for May using the weighted average method. 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 Units accounted for: Total units accounted for Equivalent units of production (EUP) Equivalent Units of Production Cost per equivalent unit of production Total costs Equivalent units of production Cost per equivalent unit of production Cost Assignment Direct Materials Conversion Units % Complete EUP % Complete EUP Costs EUP Materials Completed and transferred out EUP Cost per EUP Total cost Direct materials Conversion Ending work in process Direct materials Conversion Total costs accounted for Conversion Costs EUP 0 0 $ 0.00 $ 0 $ 0.00 0 < Required 1 Required 2 > < Prev 1 2 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 > 1 Record the transfer of goods to next department. Note: Enter debits before credits. Date May 31 General Journal Debit Credit Record entry Clear entry View general journal < Required 1 Required 2 >