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 Units Beginning work in process inventory Units started this period 3,750 Percent Complete 100% Percent Complete 40% 27,000 Units completed and transferred out Ending work in process inventory 27,750 3,000 100% 80% Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for $ 24,750 277,425 $302,175 621,000 2,707,425 3,328,425 $ 3,630,600 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. 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