Required information Use the following information for the Problems below. (Static) [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 Beginning work in process inventory Units started this period. Units completed and transferred out Ending work in process inventory Beginning work in process inventory Direct materials Conversion Costs added this period) Direct materials Conversion Total costs to account for Direct Naterials Conversion Percent Percent Units Complete Complete 3,000 100% 21,600 22,200 100% 60% $ 19,800 221,940 $241,740 496,600 2,165,940 2,662,740 12,904,480 Problem 16-3A (Static) Weighted average: Production cost report LO P2, P4 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. Required 1 Required 2 TAMAR COMPANY-Forming Department work Required information 2. Prepare the May 31 journal entry to transter the cost of units from Forming to Assembly Complete this question by entering your answers in the tabs below. Required 1 Required 2 Unit reconciliation: Units to account for: Total units to account for Units accounted for: Total units accounted for Equivalent units of production (EUP) Total units Cost per equivalent unit of production Total costs -Equivalent units of production Cost per equivalent unit of production TAMAR COMPANY-Forming Department Production Cost Report-Weighted Average Method For Month Ended May 31 Saved Direct Materials Conversion Units % Complete EUP Complete EUP Costs EUP Materials Costs EUP Conversion inite areaunton tr Required information Total units accounted for Equivalent units of production (EUP) Total units Cost per equivalent unit of production Total costs - Equivalent units of production Cost per equivalent unit of production i Cost Assignment Completed and transferred out Direct materials Conversion Ending work in process Direct materials Conversion Total costs accounted for Direct Materials Units % Complete Costs EUP Conversion EUP % Complete EUP Materials EUP Cost per EUP Total cost Required 2 > Costs EUP Conversion 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 May 31 General Journal Debit Credit Record entry Clear entry View general journal < Required 1 Required 2