Instructions Production Repor, Weighted Average Murray Inc. manufactures bicycle frames in two departments: Cutting and Welding. Murray uses the weighted average method. Manufacturing costs are added uniformly throughout the process. The following re cost and production data for the cutting department for October: Production: Units in process, October 1, 40% complete Units completed and transferred ouft Units in process, October 31, 60% complete Costs: WIP, October 1 Costs added during October 10,000 68,000 20,000 $75,000 1,470,000 Production Report Prepare a production report for the cutting department. Round cost per equivalent unit to the nearest cent. Use this rounded amount for further calculations. Cutting Department Production Report For the Month of October (Weighted Average Method nit Informatio Physical flow: Units in beginning WIP Units started Total units to account for Equivalent units: Units completed Units in ending WIP Total units to account for Equivalent units: Units completed Units in ending WIP Total equivalent units Cost Information Costs to account for: Beginning WIP