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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

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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 Percent Complete 100 Conversion Percent Complete Beginning work in process inventory Units started this period Units completed and transferred out Ending work in process inwentory Units 4,950 35,640 36,630 3,960 100 BON $ 32,670 366,201 $ 398,871 Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for 519,720 3.573,801 4,393,521 5.4,792,392 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 On y 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 Complete EUP Conversion % Complete EUP Units Equivalent Units of Production Cost per equivalent unit of production Materials Conversion Costs EUP Costs EUP Total costs -Equivalent units of production Cost per equivalent unit of production Cost Assignment Completed and transferred out Direct materials Conversion EUP Cost per EUP Total cost Ending work in process Diect materials Conversion Total costs accounted for 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

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