Prepare a cost of production report for the Cutting Department of Tanner Carpet Company for December 2016 using the average cost method. If required, round your cost per equivalent unit answer to two decimal places. Tanner Carpet Company Cost of Production Report-Cutting Department For the Month Ended December 31, 2016 Unit Information Units charged to production: Inventory in proces5, December 1 Recelved from Weaving Department Total units accounted for by the Cutting Department Units to be assigned costs: Whale Units Equivalent Units of Production Transferred to finisthed goods in December Inventory in process, December 31 Total units to be assigned costs Cost Information Costs per equivalent unit: Costs Total costs for December in Cutting Department: Total equivalent unics Cost per equivalent unit Costs assigned to production: Inventary in process, December 1 costs incurred in December Total costs accounted for by the cutzing Department Costs allocatec to completed and partially completed units: Trensferred to finished goods in December Inventory in process, December 31 Total costs assigneo by the Cutting Department