-6 (Appendix) Cost of Production Report and Journal Entries; Fifo. Upton Manufacturing Company manufactures a single model of a portable work bench. The company uses a process account for each of its two producing departments, Cutting and Assembly. The transferred to the Assembly Department, where thetal in the Cutting Department and then springs, hinges, and handles purchased from outside vendors. Data related to operations in October are: Required: (1) Prepare an October cost of production report for each department. (2) Prepare the appropriate general journal entries to record the charge to the producing departments for the costs incurred during October and to record the transfer of units from Cutting to Assembly and from Assembly to Finished Goods Inventory