Instructions Production Report, 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 are cost and production data for the cutting department for October: 20,000 Production: Units in process, October 1, 40% complete Units completed and transferred out Units in process, October 31, 60% complete 68,000 20,000 Costs: WIP, October 1 $70,000 Costs added during October 1.422.000 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) Unit Information 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: Production Report Beginning WIP Incurred during October Total costs to account for Cost per equivalent unit Costs accounted for: Transferred Out Ending Work In Process Total Goods transferred out Goods in ending WIP Total costs accounted for