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 Complete Complete Beginning work in process inventory Units started this period 3,750 100% 40% 27,000 Units completed and transferred out 27,750 Ending work in process inventory 3,000 100% 80% Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials $ 24,750 277,425 $ 302,175 621,000 Conversion 2,707,425 3,328,425 Total costs to account for $ 3,630,600 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. Prepare the May 31 journal entry to transfer the cost of units from Forming to Assembly. 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