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 Units Beginning work in process inventory Units started this period 5,550 100% Percent Complete Complete 40% 39,960 Units completed and transferred out Ending work in process inventory 41,070 4,440 100% 80% Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion $ 36,630 410,589 $ 447,219 919,080 4,006,989 4,926,069 Total costs to account for $ 5,373,288 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 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 Conversion Units % Complete EUP % Complete EUP Costs EUP Materials Cost Assignment Completed and transferred out EUP Cost per EUP Total cost Direct materials Conversion Ending work in process Direct materials Conversion Total costs accounted for < Required 1 Required 2 > Costs EUP Conversion