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. Issume that Tamar uses the FIFO method of process costing. The units started and completed for may total 19,200. lequired: 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. Prepare the Forming department's production cost report for May using FIFO. Note: Round "Cost ner EUP" to 2 decimal olaces. Prepare the May 31 journal entry to transfer the cost of units from forming to Assembly. Note: Do not round intermediate calculations. Enter your answers rounded to the nearest whole dollars. Journal entry worksheet Record the transfer of goods to next department. Note: Enter debits before credits