! 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 Units Beginning work in process inventory Units started this period 3,900 Complete Complete 100% 40% 28,080 Units completed and transferred out Ending work in process inventory 28,860 3,120 100% 80% Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for $ 25,740 288,522 $ 314,262 645,840 2,815,722 3,461,562 $ 3,775,824 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 department's production cost report for May using FIFO. 2. Prepare the May 31 journal entry to transfer the cost of units from forming to Assembly.