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 inventory Units started this period 3,750 100% 40% 27,000 Units completed and transferred out Ending work in process inventory 27,750 3,000 100% 80% Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion $ 24,750 277,425 $302,175 621,000 2,707,425 3,328,425 Total costs to account for $ 3,630,600 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.