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 5,400 100% Percent Percent Complete Complete 40% 38,880 Units completed and transferred out 39,960 Ending work in process inventory 4,320 100% 80% Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion $ 35,640 399,492 $435,132 894,248 3,898,692 Total costs to account for 4,792,932 $ 5,228,064 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required information Prepare the May 31 journal entry to transfer the cost of units from Forming to Assembly. View transaction list Journal entry worksheet < 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 information Kequired 1 equire 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) Equivalent Units of Production Cost per equivalent unit of production Total costs Equivalent units of production Cost per equivalent unit of production Direct Materials Units % Complete Costs EUP Conversion EUP % Complete EUP Materials Costs EUP Conversion Cost Assignment Completed and transferred out Direct materials Conversion Ending work in process Direct materials Conversion Total costs accounted for EUP Cost per EUP Total cost Required 2 > 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. Complete this question by entering your answers in the tabs below. 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: 1 Units to account for: Total units to account for Units accounted for: Total units accounted for Required information 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 Conversion Direct Materials Units % Added EUP % Added 0 EUP Direct Materials 0 EUP 0 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 EUP Cost per EUP Total cost $ 0 $ 0.00 EUP Cost per EUP Total cost 0.00 $ 0 EUP Conversion 0 0 Required information 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 Record the transfer of goods to next department. Note: Enter debits before credits. Date May 311 General Journal Debit Credit Record entry Clear entry View general journal