Mitchco produces it product through two processing departments: Cutting & Assembly.

Information for the Cutting Department follows:

DM CC

Production $\%-$Comp $\%-$Comp

Units

Beginning WIP $30,000$$ $100\%40\%$

Units Started this period $140,000$$

Units completed & transferred out $150,000$$

Ending WIP $??100\%80\%$

Costs

Beginning WIP:

Direct materials $17,100$$

Conversion costs $67,200$$ $84,300$$

Costs added this period:

Direct materials $144,400$$

Conversion costs $862,400$$ $1,006,800$$

$1,091,100$$

Required:

$1)$ Prepare the Cutting Department' s Production Report for October using the weighted average method

$($Use the format as shown in the text on page $342,$ Exhibit $8\mathrm{.}11).$

$2)$ Prepare the jounal entry to transfer the cost of completed units from Cutting to Assembly.

$3)$ Assume Mitchco uses the FIFO to account for costs, what are the Equivalent Units in October for

Direct Materials and for Conversion Costs for Beginning WIP?