[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. : Direct Materials Conversion Percent Percent Units Beginning work in process inventory Units started this period Complete Complete 4,800 100% 40% 34,560 Units completed and transferred out 35,520 Ending work in process inventory 3,840 100% 80% Beginning work in process inventory Direct materials Conversion Costs added this period. Direct materials Conversion Total costs to account for $ 31,680 355,104 794,880 3,465,504 $ 386,784 4,260,384 $ 4,647,168 Assume that Tamar uses the FIFO method of process costing. The units started and completed for may total 19,200. Required: 1. Prepare the Forming department's production cost report for May using FIFO. 2. Prepare the May 31 journal entry to transfer the cost of units from forming to Assembly. Complete this question by entering your answers in the tahs below Unit reconciliation: Units to account for: Total units to account for Units accounted for: Total units accounted for Equivalent units of production (EUP) Equivalent Units of Production Cost per equivalent unit of production Equivalent units of production Cost per emuivalent unit of production TAMAR COMPANY-Forming Department Production Cost Report - FIFO Method For Month Ended May 31 Direct Materials Conversion Units % Added EUP % Added EUP EUP Direct Materials EUP Conversion Cost per equivalent unit of production Cost Assignment Beginning work in process Cost per To complete beginning work in process EUP Total cost EUP Direct materials Conversion Started and completed Direct materials Conversion Completed and transferred out Ending work in process Direct materials, Conversion Total costs accounted for EUP Cost per EUP Total cost EUP Cost per EUP Total cost Required 1 Required 2 > Journal entry worksheet < 1 Record the transfer of goods to next department. Note: Enter debits before credits. Date May 31 General Journal Debit Credit Record entry Clear entry View general journal