Prepare the Cutting departments 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.

Fast Company produces its product through two processing departments: Cutting and Assembly. Information for the Cutting department follows Direct Materials Conversion Percent Percent Complete Complete Unite 31,000 142,000 152.000 21,000 1000 Beginning work in process inventory Units started this period Unita completed and transferred out Ending work in process inventory Beginning work in process inventory Direct materiale Conversion Costa added this period Direct materials Conversion Total conte to account for $ 17,700 $ 86,300 146,650 842.920 989, 570 $ 1,075,170 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.) 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 Production Cost Report - Weighted Average Method For Month Ended October 31 Unit reconciliation: Units to account for: Total units to account for Total units accounted for: Total units accounted for Completed and transferred out Conversion Direct Materials % Completo EUP Units % Complete EUP Total units Cost per equivalent unit of production Direct Materials Conversion Total costs Costs EUP Costs EUP EUP Cost per EUP Total cost Equivalent units of production Cost per equivalent unit of production Cost Assignment Completed and transferred out Direct materials Conversion Total completed and transferred out Ending work in process Direct materials Conversion Total ending work in process Total costs accounted for Recured Required 2 > Required 1 Required 2 Prepare the October 31 journal entry to transfer the cost of completed units from cutting to Assembly. View transaction list Journal entry worksheet 1 > Record the transfer of goods to next department. Note: Enter debits before credits. Date General Journal October 31 Debit Credit Record entry Clear entry View general Journal