Required information Skip to question [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. Units Direct Materials Conversion Percent Complete Percent Complete Beginning work in process inventory 5,550 100% 40% Units started this period 39,960 Units completed and transferred out 41,070 Ending work in process inventory 4,440 100% 80% 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: Prepare the Forming departments production cost report for May using the weighted average method. Prepare the May 31 journal entry to transfer the cost of units from Forming to Assembly