Tamar Company manufactures a single product in two departments: Forming and Assembly. Information for the Forming process for May follows.

1. Prepare the Forming departments 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.

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. 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 Units 5,100 36,720 37,740 4,080 $ 33,660 377,298 844,560 3,682,098 Direct Materials Percent Complete 100% 100% Conversion Percent Complete 40% $ 410,958 4,526,658 $ 4,937,616 80% 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 Units started this period Total units to account for Units accounted for: Beginning work in process inventory - units Ending work in process Total units accounted for Equivalent units of production (EUP) Completed and transferred out Units started this period Equivalent Units of Production Cost per equivalent unit of production Costs of beginning work in process Costs transferred out Total costs + Equivalent units of production Cost per equivalent unit of production 5,100 36,720 41,820 5,100 4,080 9,180 Units Direct Materials % Complete Costs EUP EUP Materials 0 Conversion % Complete Costs EUP EUP Conversion 0 Cost Assignment Completed and transferred out Direct materials Conversion Ending work in process Direct materials Conversion Total costs accounted for EUP Cost per EUP $ $ Total cost 0.00 $ 0.00 0 0 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 May 31 Record entry General Journal Clear entry Debit Credit View general journal