Tamar Company manufactures a single product in two departments: Forming and Assembly. Information for the Forming process for May follows.1. Do the Forming department's production cost report for May using the weighted average method.2. Do the May 31 journal entry to transfer the cost of units from Forming to Assembly.

Required information [The following information applies to the questions displayed below.] Tamar Company manufactures a single product in two departments: Forming and Assembly. Information for the Forming process for May follows. Direct MaterialsConversion Percent Percent Units Complete Complete Beginning work in process inventory 6, 300 100% 40% Units started this period 45 , 360 Units completed and transferred out 46 , 620 Ending work in process inventory 5, 040 100% 80 Beginning work in process inventory Direct materials $ 41 , 580 Conversion 466, 074 $ 507 , 654 Costs added this period Direct materials 1, 043, 280 Conversion 4, 548, 474 5, 591, 754 Total costs to account for $ 6, 099, 408 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 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: Total units to account for Units accounted for: Total units accounted for Equivalent units of production (EUP) Direct Materials Conversion % Units EUP % EUP Complete Complete Equivalent Units of Production Cost per equivalent unit of Materials Conversion production