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

Units Direct Materials Conversion

Percent Complete Percent Complete

Beginning work in process inventory 5,250 100% 40%

Units started this period 37,800

Units completed and transferred out 38,850

Ending work in process inventory 4,200 100% 80%

Beginning work in process inventory

Direct materials $ 34,650

Conversion 388,395 $ 423,045

Costs added this period

Direct materials 869,400

Conversion 3,790,395 4,659,795

Total costs to account for $ 5,082,840

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.

Prepare the Forming department's production cost report for May using the weighted average method. \begin{tabular}{|c|c|c|c|c|c|} \hline Total costs & & Costs & & Costs & \\ \hline + Equivalent units of production & & EUP & & EUP & \\ \hline Cost per equivalent unit of production & & + & 0 & 7 & 0 \\ \hline \multicolumn{6}{|l|}{ Cost Assignmont } \\ \hline Completed and transferred out & EUP & Cost per & Total cost & & \\ \hline Direct materials. & & & & & \\ \hline \multicolumn{6}{|l|}{ Conversion } \\ \hline \multicolumn{6}{|l|}{ Ending work in process } \\ \hline & & & & & - \\ \hline Directmaterials & & 0.00 & $ & & \\ \hline Conversion & & 0.00 & 0 & & \\ \hline & & & & & \\ \hline Total costs accounted fos & & & & & \\ \hline \end{tabular} Retquitind Required 2 Journal entry worksheet Record the traisfer of goods to next department. Note: Enter debits before credits