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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	5,100	100%	40%
Units started this period	36,720
Units completed and transferred out	37,740
Ending work in process inventory	4,080	100%	80%

Beginning work in process inventory
Direct materials	$ 33,660
Conversion	377,298	$ 410,958
Costs added this period
Direct materials	844,560
Conversion	3,682,098	4,526,658
Total costs to account for		$ 4,937,616

Assume that Tamar uses the FIFO method of process costing. The units started and completed for may total 19,200.

Required:

1. Prepare the Forming departments production cost report for May using FIFO.
2. Prepare the May 31 journal entry to transfer the cost of units from forming to Assembly.

Complete this question by entering your answers in the tabs below.

• Required 1
• Required 2

Prepare the Forming departments production cost report for May using FIFO.

Note: Round "Cost per EUP" to 2 decimal places.

TAMAR COMPANYForming Department
Production Cost Report FIFO Method
For Month Ended May 31
Unit reconciliation:
Units to account for:
Beginning work in process	5,100
Units started this period	36,720
Total units to account for	41,820
Units accounted for:
Units started and completed
Ending work in process	4,080
Total units accounted for
Equivalent units of production (EUP)
		Direct Materials		Conversion
	Units	% Added	EUP	% Added	EUP
Units started this period			0
Units completed and transferred out
Equivalent Units of Production
Cost per equivalent unit of production			Direct Materials		Conversion
Equivalent units of production		EUP	0	EUP	0
Cost per equivalent unit of production			0		0
Cost Assignment
Beginning work in process
To complete beginning work in process	EUP	Cost per EUP	Total cost
Direct materials			$0
Conversion
Started and completed	EUP	Cost per EUP	Total cost
Direct materials			$0
Conversion		$0.00
Completed and transferred out
Ending work in process	EUP	Cost per EUP	Total cost
Direct materials		$0.00	$0
Conversion		$0.00	0
Total costs accounted for