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

$\backslash$table$[[,$Units,Direct Materials,Conversion$],[$Percent Complete,Percent Complete$],[$Beginning work in process inventory,$4,500,100\%,40\%],[$Units started this period,$32,400,,],[$Units completed and transferred out,$33,300,,],[$Ending work in process inventory,$3,600,100\%,80\%],[$Beginning work in process inventory,,,$],[$Direct materials,$ $29,700,,],[$Conversion$,332,910,$$ $362,6,],[$Costs added this period,,,$],[$Direct materials,$745,200,,],[$Conversion$,3,248,910,3,994,1,],[$Total costs to account for,,$ $4,356,7,]]$

Required:

Prepare the Forming department's 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.

TAMAR COMPANY$-$Forming Department

Production Cost Report $-$ Weighted Average Method

For Month Ended May $31$

$\backslash$table$[[$Unit reconciliation:,$],[$Units to account for:,$],[,],[,],[,],[$Total units to account for,$],[$Units accounted for:,$],[,],[,],[,]]$

$\backslash$table$[[$Equivalent units of production $($EUP$)],[,$Units,Direct Materials,Conversion$],[,\%$ Complete,EUP,$\%$ Complete,EUP$],[,,,,,],[,,,,,],[$Equivalent Units of Production,,,,,$],[$Cost per equivalent unit of production,,,Materials,,Conversion$],[,,,,,],[,,,,,],[$Total costs,,Costs,,Costs,$],[+$ Equivalent units of production,,EUP,,EUP,$],[$Cost per equivalent unit of production,,,$0,,0],[$Cost Assignment,,,,,$],[$Completed and transferred out,EUP,Cost per EUP,Total cost,,$],[$Direct materials,,,,,$],[$Conversion$,,,,,],[,,,,,],[$Ending work in process,,,,,$],[$Direct materials,,$ $0\mathrm{.}00,$$$0,,],[$Conversion$,,$$ $0\mathrm{.}00,0,,],[,,,,,],[$Total costs accounted for,,,,,$]]$