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Check my work Fast Company produces its product through two processing departments Cutting and Assembly Information for the Cutting department follows Diret Materials conversion Percent Percent Complete Complete Deginning work in process inventory Units started this period Units completed and transferred out Ending work in process inventory Units 33,000 146,000 156,000 23,000 EU 3 18.900 71.400 $ 90,300 Beginning work in process inventory Direct naterials Conversion Costs added this period Direct materials Conversion Total costs to count for 151. 150 940, 120 1.091.270 $ 1.181.570 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 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 Cost Renart - Weighted Average Mothod 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 Check my 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 Cup 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: Units to account for Total units accounted for Total units accounted for Equivalent units of production (EUP) Direct Materiale Conversion Complete Units Complete EUP EUP Check Directa Complete Cov Unite EUP EUP Equivalent Units of Production Cont per equivalent unit of production Direct Materials Convenios Costs EUP Costa EUP Total costs - Equivalent units of production Cost per equivalent unit of production Cost Assignment Completed and transferred out Direct materials Conversion EUP Cost per EUP Total cost $ O Ending work in process Direct materials Conversion 0.00 $ 0.00 $ Total costs accounted for Required 2 > Journal entry worksheet Record the transfer of goods to next department. Note: Enter debits before credits Date General Journal + Debit Credit October 31 View general journal Clear entry Record entry Checy Required information Use the following information for the Exercises below. (Static) [The following information applies to the questions displayed below) The first production department in a process manufacturing system reports the following unit data, Beginning work in process inventory 24,000 units Units started and completed 56,000 units Units completed and transferred out 80,000 units Ending work in process inventory 16,000 units Exercise 16-4 (Static) Weighted average: Computing equivalent units LO P1 Prepare the production department's equivalent units of production for direct materials under each of the following three separate assumptions using the weighted average method for process costing. Equivalent Units of Production (EUP)-Weighted Average Method 1. All direct materials are added to products when processing begins. Direct Materials Units Percent EUP Completo Total Paninino Inventory is 40% complete as to direct materials costs. Ending Inventory is 75% 8 bons 1. All direct materials are added to products when processing begins Direct Material Unita Percent EUP Come Tocal 2. Beginning inventory is 40% complete as to direct materials costs Ending Inventory is 78% complete as to direct materials costs Direct Materials Percent EUP Complete To 3. Beginning inventory is 60% complete as to direct materials costs. Ending Inventory is 30% complete as to direct materials costs Direct Materials Unite Percent EUP Complete To