Tamar Co. manufactures a single product in two departments. All direct materials are added at the beginning of the Forming process. Conversion costs are added evenly throughout the process. During May, the Forming department started 19,900 units and transferred 21,500 units of product to the Assembly department. Its 5,000 units of beginning work in process consisted of $21,800 of direct materials and $311,940 of conversion costs. It has 3,400 units (100% complete with respect to direct materials and 80% complete with respect to conversion) in process at month-end. During the month, $451,300 of direct materials costs and $2,085,840 of conversion costs were charged to the Forming department.

1. Prepare the Forming department's process cost summary for May using the weighted-average method.

2. Prepare the journal entry dated May 31 to transfer the cost of units to Assembly. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar)

Total costs to account for: Total costs to account for: Total costs accounted for Difference due to rounding cost/unit Unit reconciliation: Units to account for: Total units to account for Total units accounted for: Total units accounted for Equivalent units of production (EUP)- weighted average method Units % Materials EUP-Materials % Conversion EUP - Conversion Total units Cost per equivalent unit of production Materials Conversion Total costs Costs EUP Costs EUP = Equivalent units of production Cost per equivalent unit of production Total costs accounted for: Cost of units transferred out: Direct materials EUP Cost per EUP Total cost Conversion Total costs transferred out Costs of ending work in process EUP Cost per EUP Total cost Direct materials Conversion Total cost of ending work in process Total costs accounted for Journal entry worksheet