3 LO 5 points Problem 16-2A (Algo) Weighted Average: Production cost report LO P2, P4 Fast Company produces its product through two processing departments: Cutting and Assembly. Information for the Cutting department follows. Direct Materials Conversion eBook Units Percent Complete Percent Complete Beginning work in process inventory Units started this period 34,500 149,000 Units completed and transferred out 159,000 Print Ending work in process inventory 24,500 100% 80% Beginning work in process inventory Direct materials References Conversion Costs added this period Direct materials Conversion $ 19,800 73,500 $ 93,300 182,050 1,015,960 1,198,010 Total costs to account for $ 1,291,310 Required: 1. Prepare the Cutting department's production cost report for October using the weighted average method. 2. Prepare the October 31 journal entry to transfer the cost of completed units from cutting to Assembly. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the Cutting department's production cost report for October using the weighted average method. (Round "Cost per EUP" to 2 decimal places.) Unit reconciliation: Units to account for: Units to account for Total 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 Conversion Total costs accounted for FAST COMPANY-Cutting Department Production Cost Report - Weighted Average Method For Month Ended October 31 Direct Material8 Conversion Units % Complete EUP % Complete EUP Costs EUP Direct Materiale EUP Cost per EUP Total cost 0.00 $ $ 0.00 0 Required 1 Required 2 > Costs EUP Conversion Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the October 31 journal entry to transfer the cost of completed units from cutting to Assembly. View transaction list Journal entry worksheet < 1 Record the transfer of goods to next department. Note: Enter debits before credits. Date October 31 General Journal Debit Credit Record entry Clear entry View general journal < Required 1 Required 2 > >