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. Units Direct Materials Percent Complete Conversion Percent Complete Beginning work in process inventory Units started this period 4,650 100% 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 Total costs to account for $ 30,690 344,007 $ 374,697 770,040 3,357,207 4,127,247 $ 4,501,944 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. Required information Required 1 Required 2 Prepare the Forming department's production cost report for May using FIFO. (Round "Cost per EUP" to 2 decimal places.) TAMAR COMPANY-Forming Department Production Cost Report - FIFO 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 Equivalent units of production Cost per equivalent unit of production Direct Materials Units % Added EUP Conversion EUP % Added EUP 0 Direct Materials 0 0 EUP 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 Direct materials Conversion Completed and transferred out Ending work in process Direct materials Conversion Total costs accounted for EUP Cost per EUP Total cost $ 0 $ 0.00 EUP Cost per EUP Total cost $ 0.00 $ 0 $ 0.00 0 Conversion 0 0 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the May 31 journal entry to transfer the cost of units from forming to Assembly. (Do not round intermediate calculations. Enter your answers rounded to the nearest whole dollars.) 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 >