Tamar Company manufactures a single product in two departments: Forming and Assembly. Information for the Forming process for May follows. UnitsDirect MaterialsConversionPercent CompletePercent CompleteBeginning work in process inventory$3,900100\%40\%$Units started this period$28,080$ Units completed and transferred out$28,860$ Ending work in process inventory$3,120100\%80\%$Beginning work in process inventory Direct materials$ $25,740$ Conversion$288,522$$ $314,262$Costs added this period Direct materials$645,840$ Conversion$2,815,7223,461,562$Total costs to account for $ $3,775,824$Required:Prepare the Forming departments production cost report for May using the weighted average method.Prepare the May $31$ journal entry to transfer the cost of units from Forming to Assembly.