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. Units Beginning work in process inventory. Units started this period 4,650. Direct Haterials Percent Complete 100% Conversion Percent Complete 40% 33,480 Units completed and transferred out 34,410 Ending work in process inventory 3,720 100% 80% Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials $ 30,690 344,007 $ 374,697 770,040 Conversion 3,357,207 4,127,247 Total costs to account for $ 4,501,944 4 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.