Tamar Company manufactures a single product in two departments: Forming and Assembly. Information for the Forming process for May follows Direct Materials Percent Complete 100% Conversion Percent Complete 40% Units 4050 29,160 29,970 3,240 100% 80% Beginning work in process inventory Units started this period Units completed and transferred out Ending work in process inventory Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for26730,299619,326349,670,680 2,924,019 3,594,699 = 3,921,048 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