Required Information Use the following Information for the Problems below. (Algo) [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 40% Units 3,750 27,eee 27,750 3, eee 100% 80% 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 $ 24,750 277,425 $ 302,175 621,000 2,707,425 3,328,425 $ 3,630, 600 Problem 16-3A (Algo) 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 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: Beginning work in process inventory - units Required 1 Required 2 Prepare the Forming department's production cost report for May using the weighted average method. TAMAR COMPANYForming Department Production Cost Report - Weighted Average Method For Month Ended May 31 Unit reconciliation: Units to account for: Beginning work in process inventory - units Total units to account for Total units accounted for: % Materials EUP-Materials % Conversion EUP Conversion Materials Conversion Costs Costs EUP EUP Total units accounted for Equivalent units of production (EUP)- weighted average method Units Units completed and transferred out Ending work in process - units Total units Cost per equivalent unit of production Costs of beginning work in process Costs added this period Total costs + Equivalent units of production Cost per equivalent unit of production Cost Assignment Completed and transferred out EUP Direct materials Conversion Total Completed and transferred out Ending work in process Direct materials Conversion Total ending work in process Total costs accounted for 0 0 Cost per EUP Total cost s 0.00 S 0 s 0.00 0 Problem 16-3A (Algo) 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 Prepare the May 31 journal entry to transfer the cost of units from forming to Assembly. View transaction list Journal entry worksheet 1 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