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

Problem $3-4$A $($Algo$)$ FIFO: Production cost report LO C$2,$ P$4$

Assume that Tamar uses the FIFO method of process costing. The units started and completed for may total $19,200.$

Required:

Prepare the Forming department's production cost report for May using FIFO.

Prepare the May $31$ journal entry to transfer the cost of units from forming to Assembly.