C My folder Chapter 16 Homework M Question 2 Chapter 10 Homework-Connect Saved Help Save & Exit Submit Check my work 2 Fast Company produces its product through two processing departments: Cutting and Assembly. Information for the Cutting department follows. 10 points Direct Materials Conversion Spen Units Percent Percent Complete Complete Deginning work in process inventory Units started this period 30,000 140,000 Units completed and transferred out Ending work in process inventory 150,000 20,000 100% 80% eBook Beginning work in process inventory Direct materiale Pri Total costs to account for References Conversion Coate added this period Direct materials Conversion $17,100 47,200 $ 84,300 144,400 862,400 1,006,800 $1,091,100 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. 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.) FAST COMPANY-Cutting Department Production Cost Report-Weighted Average Method For Month Ended October 31 apped Unit reconciliation: Units to account for: ook int Units to account for Total units accounted for: onces 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 Direct Materials Conversion Units % Complete EUP % Complete EUP 150,000 Direct Materials Costs Costs EUP EUP inl Conversion Cost Assignment Completed and transferred out Direct materials Conversion Ending work in process Direct materials Conversion Total costs accounted for EUP Cost per EUP Total cost $ 0.00 $ $ 0.00 0 Required 1 Required 2 > www 2 Required 11 Required 2 10 points Skipped eBook Print References 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 View general journal Record entry Clear entry