! Required information [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 Complete Complete 100% 40% Beginning work in process inventory Units started this period Units completed and transferred out Ending work in process inventory Units 4,800 34,560 35,520 3,840 100% 80% $ 31,680 355, 104 $ 386,784 Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for 794,880 3,465,504 4,260,384 $ 4,647,168 Required 1 Required 2 Prepare the Forming department's production cost report for May using the weighted average method. TAMAR COMPANY-Forming Department Production Cost Report - Weighted Average Method For Month Ended May 31 Unit reconciliation: Units to account for: Total units to account for Units accounted for: Total units accounted for Equivalent units of production (EUP) Direct Materials % Complete EUP Conversion % Complete EUP Units Equivalent Units of Production Cost per equivalent unit of production Materials Conversion Total costs Costs Costs EUP EUP 0 0 + Equivalent units of production Cost per equivalent unit of production Cost Assignment Completed and transferred out Direct materials Conversion Cost per EUP Total cost EUP Ending work in process Direct materials Conversion $ 0.00 $ 0 $ 0.00 0 Total costs accounted for Prepare the May 31 journal entry to transfer the cost of units from Forming to Assembly. View transaction list Journal entry worksheet Record the transfer of goods to next department. Note: Enter debits before credits. General Journal Debit Credit Date May 31 Record entry Clear entry View general journal