Fast Company produces its product through two processing departments Cutting and Assembly. Information for the Cutting department follows. Direct Materials Percent Complete Conversion Percent Complete Beginning work in process inventory Units started this period Units completed and transferred out Ending work in process inventory Units 38,500 157,000 167,000 28,500 100% 80% $ 22,200 79,100 $ 101,390 Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for 192,850 812,960 1,005,810 $ 1,107,119 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 Required 1 Required 2 Prepare the Cutting department's production cost report for October using the weighted average method. (Round "Gost per EUP" to 2 decim FAST COMPANY-Cutting Department Production Cost Report-Weighted Average Method For Month Ended October 31 Unit reconciliation: Units to account for Units to account for Total units accounted for Required 1 Required 2 Prepare the October 31 journal entry to transfer the cost of completed units from cutting to Assembly. View transaction list Journal entry worksheet Record the transfer of goods to next department. Note: Enter debits before credits Date General Journal Debit Credit October 31 Record entry Clear entry View general joumai