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 $105,300 as of October 1, which consists of $23,400 of direct materials and $81,900 of conversion costs. During the month, the Cutting department incurred the following costs: Direct materials Conversion $157,950 914,640 At the beginning of the month, 40,500 units were in process. During October, the company started 161,000 units and transferred 171,000 units to the Assembly department. At the end of the month, the Cutting department's work in process inventory consisted of 30,500 units that were 80% complete with respect to conversion costs.