5 11.12 points Fast Company produces its product through two processing departments: Cutting and Assembly. Information for the Cutting department follows Direct Materials Conversion Skipped Units Percent Percent Complete Complete Beginning work in process inventory Units started this period 42,000 164,000 Units completed and transferred out 174,000 ebook Ending work in process inventory 32,000 100% 30% References Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for Required: $24,300 64,000 $100, 300 192,000 993.840 1,105,040 $ 1,294,148 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. Check my w 5 12 bints Skloped eBook References 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. Note: Round "Cost per EUP" to 2 decimal places. FAST COMPANY-Cutting Department Production Cost Report - Weighted Average Method For Month Ended October 31 Unit reconciliation: Units to account for: Units to account for Total units accounted for: Total units accounted for Equivalent units of production (EUP) 5 T Equivalent units of production (EUP) 2 its Skipped Equivalent Units of Production Cost per equivalent unit of production etlook ferences 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 Direct Materials Units % Complete Costs EUP Conversion EUP % Complete EUP Direct Materials Costs EUP 0 EUP Cost per EUP Total cost $ 000 S 0 < Prav 5 of 9 Next > Conversion Check my wor 11.12 5 points Supped References 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 EUP EUP Cost per EUP Total cost $ 0.00 $ $ 0.00 Required 1 Required 2 > FUP b Fast Company produces its product through two processing departments: Cutting and Assembly. Information for the Cutting department follows. 11.12 points Direct Materials Conversion Skipped Units Percent Complete Percent Complete Beginning work in process Inventory Units started this period 42,000 164,000 eBook Units completed and transferred out Ending work in process inventory 174,000 32,000 100% 80% References Beginning work in process inventory Direct materials) Conversion Costs added this period Direct materials: Conversion Total costs to account for Required: $ 24,300 $4,000 $ 105,300 192,000 993,840 1,155,840 $ 1,294,140 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. Prepare the October 31 journal entry to transfer the cost of completed units from cutting to Assembly. View transaction list Journal entry worksheet Record the transfer of goods to next department. Note: Enter debits before credits. Date October 31 General Journal Debit Credit < Prev 5 of 9 Next >