Fast Company produces its product through two processing departments: Cutting and Assembly. Information for the Cutting department follows. Beginning work in process inventory. Units started this period Units completed and transferred out Ending work in process inventory Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials. Conversion Total costs to account for Units 39,500 159,000 169,000 29,500 Direct Materials Percent Complete Required 1 Required 2 $ 22,800 80,500 136,000 863,240 100% Conversion Percent Complete $ 103,300 999,240 $ 1,102,540 Complete this question by entering your answers in the tabs below. 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. 80% Prepare the Cutting department's production cost report for October using the weighted average method. (Round "Cost per EUP" to 2 decimal places.) Unit reconciliation: Units to account for: Total units to account for Total units accounted for: Total units accounted for Equivalent units of production (EUP) Equivalent Units of Production Cost per equivalent unit of production Total costs + Equivalent units of production Cost per equivalent unit of production. FAST COMPANY-Cutting Department Production Cost Report - Weighted Average Method For Month Ended October 31 Units Direct Materials % Complete Costs EUP EUP Direct Materials Conversion % Complete Costs EUP EUP Conversion Cost Assignment Completed and transferred out Direct materials Conversion Ending work in process Direct materials Conversion Total costs accounted for EUP Cost per EUP Total cost