< Cost of Production Report: Average Cost Method Use the average cost method with the following data: Work in process, December 1, 3,700 units, 20% completed $30,303 Materials added during December from Weaving Department, 69,900 556,404 units Direct labor for December 142,253 Factory overhead for December 107,824 Goods finished during December (includes goods in process, December 1), 68,400 units Work in process, December 31, 5,200 units, 60% completed Prepare a cost of production report for the Cutting Department of Tanner Carpet Company for December round your cost per equivalent unit answer to two decimal places. Tanner Carpet Company Cost of Production Report-Cutting Department For the Month Ended December 31, 2016 Unit Information Units charged to production: Inventory in process, December 1 Received from Weaving Department Total units accounted for by the Cutting Department