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

	Units	Direct Materials	Conversion
		Percent Complete	Percent Complete
Beginning work in process inventory	6,750	100%	40%
Units started this period	48,600
Units completed and transferred out	49,950
Ending work in process inventory	5,400	100%	80%

Beginning work in process inventory
Direct materials	$ 44,550
Conversion	499,365	$ 543,915
Costs added this period
Direct materials	1,117,800
Conversion	4,873,365	5,991,165
Total costs to account for		$ 6,535,080

Required:

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.