Tamar Company manufactures a single product in two departments: Forming and Assembly. Information for the Forming process for May follows. Direct Materials Conversion Percent Percent Units Complete Complete Beginning work in process 4,800 100% 40% inventory Units started this period 34,560 Units completed and 35,520 transferred out 3,840 100% 80% 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 $ 31,680 355,104 $ 386,784 794,880 3,465,504 4,260,384 4,647,168 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 Required 1 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 4,800 Units started this period 34,560 Total units to account for 39,360 Units accounted for: Completed and transferred out 35,520 Ending work in process 3,840 Total units accounted for 39,360 Equivalent units of production (EUP) Direct Materials % Conversion % Tamar Company manufactures a single product in two departments: Forming and Assembly. Information for the Forming process for May follows. Direct Materials Conversion Percent Percent Units Complete Complete Beginning work in process 4,800 100% 40% inventory Units started this period 34,560 Units completed and 35,520 transferred out 3,840 100% 80% 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 $ 31,680 355,104 $ 386,784 794,880 3,465,504 4,260,384 4,647,168 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 Required 1 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 4,800 Units started this period 34,560 Total units to account for 39,360 Units accounted for: Completed and transferred out 35,520 Ending work in process 3,840 Total units accounted for 39,360 Equivalent units of production (EUP) Direct Materials % Conversion %