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 4,050 100x 40% Units started this period 29,160 Units completed and transferred out 29,970 Ending work in process Inventory 3,240 100% sex Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for $ 26,730 299,619 $ 326,349 670,680 2,924,019 3,594,699 3,921,048 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 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 Cost Assignment Beginning work in process Direct Materials Units % Added Conversion EUP % Added EUP O Direct Materials EUP Conversion 0 EUP 0 Cost Assignment Beginning work in process To complete beginning work in process EUP Cost per Total cost EUP Direct materials S 0 Conversion Started and completed Direct materials Conversion EUP Cost per EUP Total cost $ 0 $ 0.00 Completed and transferred out Ending work in process Direct materials Conversion Total costs accounted for Cost per EUP Total cost EUP $ 0.00 $ 0 $ 0.00 O 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 Bet 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