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 Percent Complete Percent Complete Beginning work in process inventory Units started this period 4,050 100% 40x 29,160 Units completed and transferred out 29,970 Ending work in process inventory 3,240 100% 80% Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials $ 26,730 299,619 $ 326,349 670,680 Conversion 2,924,019 3,594,699 Total costs to account for $ 3,921,048 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. Required 1 Required 2 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: Beginning work in process inventory-units 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 Conversion EUP % Complete EUP Materials Costs EUP 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 Total cost EUP S $ 0.00 $ 0 0.00 0 Required 1 Required 2 > Required 1 Required 2 Prepare the May 31 journal entry to transfer the cost of units from Forming to Assembly. View transaction let 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