Problem 3-3A (Static) Weighted average: Production cost report LO P2, P4Required: 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.

Required Information Use the following information for the Problems below. (Static) [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 Complete Complete Beginning work in process inventory 3,909 109% Units started this period 21,609 Units completed and transferred out 22,209 Ending work in process inventory 2,409 109% Beginning work in process inventory Direct materials $ 19, 809 Conversion 221,948 $ 241, 740 Costs added this period Direct materials 496 , 809 Conversion 2, 165,948 2, 662, 740 Total costs to account for $ 2,904, 480Required 1 Required 2 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 Conversion Units % Complete EUP % Complete EUP Total units Cost per equivalent unit of production Materials Conversion Total costs Costs Costs = Equivalent units of production EUF EUF Cost per equivalent unit of production Cost Assignment EUP Cost per Completed and transferred out EUP Total cost Direct materials Conversion Ending work in process Direct materials 0.00 $ Conversion 0.00 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. Date General Journal Debit Credit May 31 Record entry Clear entry View general journal