Tamar Company manufactures a single product in two departments: Forming and Assembly. Information for the Forming process for May follows. Direct Materials Conversion Units Beginning work in process inventory Units started this period 5,700 Percent Percent Complete Complete 100% 40% 41,040 Units completed and transferred out 42,180 Ending work in process inventory 4,568 100% 80% Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion $ 37,620 421,686 $459,306 943,920 4,115,286 5,059,206 Total costs to account for $ 5,518,512 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