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Tamar Company manufactures a single product in two departments: Forming and Assembly. Information for the Forming process for May follows. Direct Materials Percent Complete 100% Conversion Percent Complete 40% Units 4,800 34,560 35,520 3,840 100% 80% Beginning work in process inventory Units started this period Units completed and transferred out Ending work in process inventory Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for $ 31,680 355, 104 $ 386,784 794,880 3.465,504 4,260,384 $ 4,647,168 Required: 1. Prepare the Forming department's 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 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the Forming department's production cost report for May using the weighted average method. 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: Beginning work in process inventory - units 35,520 Ending work in process - units 3.840 Total units to account for 39,360 Total units accounted for Total units accounted for Equivalent units of production (EUP)-weighted average method Units 5 Materials EUP-Materials % Conversion EUP Conversion Materials $ 31.680 794,880 $ 826,560 39,360 $ 21.00 Conversion 5 355,104 3,465,504 $ 3.820,608 38,592 Costs EUP Costs EUP 99.00 Beginning goods in process inventory - units Units started this period Total units Cost per equivalent unit of production Costs of beginning work in process Costs added this period Total costs Equivalent units of production Cost per equivalent unit of production Cost Assignment Completed and transferred out Direct materials Conversion Total Completed and transferred out Ending work in process Direct materials Conversion Total ending work in process Total costs accounted for Cost per EUP Total cost EUP 35,520 S 21.00 5 745,920 35 520 $ 99.00 3,516.480 $ 4,262,400 3.840 $ 21.00 $ 80,640 3,072 s 99.00 304, 128 384,768 $ 4,647,168

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