Fast Co. produces its product through two processing departments. Direct materials are added at the start of production in the Cutting department, and conversion costs are added evenly throughout each process. The company uses monthly reporting periods for its weighted-average process costing system. The Work in Process Inventory-Cutting account has a balance of $98,100 as of October 1, which consists of $21,000 of direct materials and $77,100 of conversion costs. During the month, the Cutting department incurred the following costs: Direct materials Conversion $ 149,550 1,120,200 At the beginning of the month, 36,500 units were in process. During October, the company started 153,000 units and transferred 163,000 units to the Assembly department. At the end of the month, the Cutting department's work in process inventory consisted of 26,500 units that were 80% complete with respect to conversion costs. Required: 1. Prepare the Cutting department's process cost summary for October using the weighted-average method. 2. Prepare the journal entry dated October 31 to transfer the cost of the partially completed units to Assembly. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the Cutting department's process cost summary for October using the weighted-average method. (Round "Cost per EUP" to 2 decimal places.) Total costs to account for: Total costs to account for: $ 0 Total costs accounted for Difference due to rounding cost/unit $ 0 Unit reconciliation: Units to account for: Total units to account for Total units accounted for: Total units accounted for