[The following information applies to the questions displayed below.] 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 5,700 100% 40% Units started this period 41,040 Units completed and transferred out 42,180 Ending work in process inventory 4,560 100% 80% Beginning work in process inventory Direct materials $ 37,620 Conversion 421,686 $ 459,306 Costs added this period Direct materials 943,920 Conversion 4,115,286 5,059,206 Total costs to account for $ 5,518,512 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