Required information {The following information applies to the questions displayed below} Tamar Company,J manufactures a single product in two departments: Forming and Assembly. Information forthe Forming process for May follows. Direct Materials Conversion Percent Percent Units Complete Complete Beginning work in process inventory 3,?59 196% 49% Units started this period 2?,666 Units completed and transferred out 2?,?58 Ending work in process inventory 3,966 166% 89% Beginning work in process inventory Direct materials $ 24,?56 Conversion 2??,425 3 392,1?5 Costs added this period Direct materials 521,966 Conversion 2,?9?,425 3,328,425 Total costs to account for $ 3J5393553 Required: 1. Prepare the Forming department's production cost report for May using the weighted average method. 2. Prepare the May Bijournal 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) Direct Materials Conversion Units Complete EUP % Complete EUP Equivalent Units of Production Cost per equivalent unit of production Materials Conversion Total costs Costs Costs = Equivalent units of production EUF UP Cost per equivalent unit of production 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 forComplete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the May 31 journal entry to transfer the cost of units from Forming to Assembly. View transaction list Journal entry worksheet Record the transfer of goods to next department. Note: Enter debits before credits, Date General Journal Debit Credit May 31 Record entry Clear entry View general journal