Print Item Cost of Production Report: Average Cost Method Use the average cost method with the following data: Work in process, December 1, 4,400 units, 40% completed $41,580 Materials added during December from Weaving Department, 83,200 763,776 units Direct labor for December 199,619 Factory overhead for December 169,255 Goods finished during December (ncludes goods in process, December 1), 81,400 units Work in process, December 31, 6,200 units, 90% completed 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 process, December 1 Received from Weaving Department Total units accounted for by the Cutting Department Units to be assigned cost Transferred to finished goods in December Inventory in process. December 31 Total units to be asugned costs Whole Equivalent Units Units of Production Cast Information Costs per equivalent unit Casts