CampusDirector N CANVAS N Netflix h Hulu Microsoft Office H... rp REsident Portal mework - 50 points i Saved SCC CANVAS Ex Fast Company produces its product through two processing departments: Cutting and Assembly. Information for the Cutting department follows. Direct Materials Conversion Percent Percent Complete Complete Units Beginning work in process inventory Units started this period 30,000 140,000 Units completed and transferred out 150,000 Ending work in process inventory 20,000 100% 80% Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion $ 17,100 67,200 $ 84,300 144,400 862,400 1,006,800 Total costs to account for $ 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. Complete this question by entering your answers in the tabs below.