Use the following information for the Problems below. (Algo)

[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

Problem 3-3A (Algo) Weighted average: Production cost report LO P2, P4

Required:

1. Prepare the Forming departments 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.

repare the Forming department's production cost report for May using the weighted average method. (1) Required information Required 2 Prepare the May 31 journal entry to transfer the cost of units from Forming to Assembly. Journal entry worksheet Record the transfer of goods to next department. Note: Enter debits before credits