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 Units Beginning work in process inventory Units started this period 3,000 Percent Complete 100% Percent Complete 40% 21,600 Units completed and transferred out Ending work in process inventory 22,200 2,400 100% 80% Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for $ 19,800 221,940 $ 241,740 496,800 2,165,940 2,662,740 $ 2,904,480 Problem 16-3A (Static) Weighted average: Production cost report LO P2, P4 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. Required 1 Required 2 Unit reconciliation: TAMAR COMPANY-Forming Department Production Cost Report - Weighted Average Method For Month Ended May 31 Units to account for: Beginning work in process inventory - units Total units to account for Units accounted for: Total units accounted for Equivalent units of production (EUP) Beginning goods in process inventory - units Total units Cost per equivalent unit of production Direct Materials Units % Complete Total costs Equivalent units of production Cost per equivalent unit of production Cost Assignment Costs EUP Conversion EUP % Complete EUP Materials 0 Costs EUP Conversion 0 Cost Assignment Completed and transferred out Direct materials Conversion Ending work in process Direct materials Conversion Total costs accounted for EUP Cost per EUP Total cost $ 0.00 $ 0 $ 0.00 0 Required 1 Required 2 >