Fast Company produces its product through two processing departments: Cutting and Assembly. Information for the Cutting department follows. Units Direct Materials Conversion Percent Complete Percent Complete Beginning work in process inventory 34,000 Units started this period 148,000 Units completed and transferred out 158,000 Ending work in process inventory 24,000 100% 80% Beginning work in process inventory Direct materials $ 19,500 Conversion 72,800 $ 92,300 Costs added this period Direct materials 171,600 Conversion 990,400 1,162,000 Total costs to account for $ 1,254,300 Required: Prepare the Cutting departments production cost report for October using the weighted average method. Prepare the October 31 journal entry to tr