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Tamar Company manufactures a single product in two departments: Forming and Assembly. Information for the Forming process for May follows. Required: 1. Prepare the Forming

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Tamar Company manufactures a single product in two departments: Forming and Assembly. Information for the Forming process for May follows. 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. 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 Unit reconciliation: For Month Ended May 31 Units to account for: \begin{tabular}{|l|r|} \hline Beginning work in process inventory - units & 6,750 \\ \hline Units started this period & 48,600 \\ \hline Total units to account for & 55,350 \\ \hline Units accounted for: & \\ \hline Completed and transferred out & 49,950 \\ \hline Ending work in process & 5,400 \\ \hline Total units accounted for & 55,350 \\ \hline \end{tabular} Equivalent units of production (EUP) 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. Prepare the May 31 journal entry to transfer the cost of units from Forming to Assembly

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