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 30,000 140,000 150,000 20,000 100% 30% $ 17,100 67,200 $ 84,300 Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for 144,400 862,000 1,006,800 $ 1,091,100 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 places.) FAST COMPANY-Cutting Department Production Cost Report - Weighted Average Method For Month Ended October 31 Unit reconciliation: 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 places.) 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 Equivalent units of production (EUP) - weighted average method Direct Materials Conversion Units % Complete EUP % Complete EUP 150.000 Total units Cost per equivalent unit of production Direct Materials Conversion Costs Costs EUP EUP 0 0 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 transfered out Ending work in process Direct materials S 0.00 s 0 Conversion S 0.00 0 Total ending work in process Total costs 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. General Journal Debit Credit Date October 31 Record entry Clear entry View general journal