! Required information (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. Direct Materials Conversion Percent Percent Complete Complete 100% 40% Units Beginning work in process inventory Units started this period Units completed and transferred out Ending work in process inventory 4,500 32,400 33,300 3,600 100% 80% Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion $ 29,700 332,910 $ 362,610 745,200 3,248,910 3,994, 110 $ 4,356,720 Total costs to account for 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 Required 1 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) Direct Materials % EUP Complete Conversion % Complete Units EUP Equivalent Units of Production Cost per equivalent unit of production Materials Conversion Costs EUP Costs EUP Total costs + Equivalent units of production Cost per equivalent unit of production Cost Assignment Completed and transferred out Cost per Total cost EUP EUP Direct materials Conversion Ending work in process Direct materials Conversion Total costs accounted for Prepare the May 31 journal entry to transfer the cost of units from Forming to Assembly. View transaction list Journal entry worksheet