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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	3,000	100%	40%
Units started this period	21,600
Units completed and transferred out	22,200
Ending work in process inventory	2,400	100%	80%

Beginning work in process inventory
Direct materials	$ 19,800
Conversion	221,940	$ 241,740
Costs added this period
Direct materials	496,800
Conversion	2,165,940	2,662,740
Total costs to account for		$ 2,904,480

Assume that Tamar uses the FIFO method of process costing. The units started and completed for may total 19,200.

Prepare the Forming departments production cost report for May using FIFO.
Prepare the May 31 journal entry to transfer the cost of units from forming to Assembly.

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