Required information 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. Direct Materials Conversion Units Beginning work in process inventory 4,800 Percent Complete 100% Percent Complete 40% Units started this period 34,560 Units completed and transferred out 35,520 Ending work in process inventory 3,840 100% 80% Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion $ 31,680 355,104 $ 386,784 794,880 3,465,504 4,260,384 Total costs to account for $ 4,647,168 Problem 16-3A (Algo) 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 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) Equivalent Units of Production Cost per equivalent unit of production Total costs Equivalent units of production Cost per equivalent unit of production Cost Assignment Completed and transferred out Direct materials Conversion Ending work in process Direct Materials Units % Complete Costs EUP Conversion EUP % Complete EUP Materials EUP Cost per EUP Total cost Costs EUP Conversion Equivalent Units of Production Cost per equivalent unit of production Total costs + Equivalent units of production Cost per equivalent unit of production Cost Assignment Costs EUP Materials Completed and transferred out EUP Cost per EUP Total cost Direct materials Conversion Ending work in process Direct materials Conversion Total costs accounted for Costs EUP Conversion Journal entry worksheet 1 Record the transfer of goods to next department. Note: Enter debits before credits. Date May 31 General Journal Debit Credit View general journal Record entry Clear entry