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 Units 30,500 141,000 151,000 20,500 1001 BOS 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 $ 17,400 67,900 $ 85,300 136,950 819,320 956,270 $ 1,041,570 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. 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 "Cost per EUP" to 2 decimal FAST COMPANY-Cutting Department Production Cost Report-Weighted Average Method For Month Ended October 31 Unit reconciliation: Units to account for: Total units to account for Total units accounted for: Total units accounted for Completed and transferred out Total units accounted for Completed and transferred out Conversion Direct Materials % Completo EUP Units % Completo EUP Total units Cost per equivalent unit of production Direct Materials Conversion Costs EUP Costs EUP EUP Cost per EUP Total cost + Total costs -Equivalent units of production Cost per equivalent unit of production Cost Assignment Completed and transferred out Direct materials Conversion Total completed and transferred out Ending work in process Direct materials Conversion Total onding work in process Total costs accounted for