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 3,150 Direct Materials Percent Complete 100% Conversion Percent Complete 40% 22,680 Units completed and transferred out 23,310 Ending work in process inventory 2,520 100% 80% Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion $ 20,790 233,037 $ 253,827 521,640 2,274,237 2,795,877 Total costs to account for $ 3,049,704 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.