Problem 03-3A Weighted Average: Process cost summary: equivalent units LO C2, C3, P4 Fast Co produces its product through two processing departments Direct materials are added at the start of production in the Cutting department, and conversion costs are soldes eveny throughout each process. The company uses monthly reporting periods for its weightes-aversos process costing system. The Work in Process Inventory-Cutting account has absence of $94.300 ss of October 1, which consists of $17,100 of direct materials and $67.200 of conversion costs During the month, the Cutting department incurred the following costs: Directorials Cor version $ 144,40 At the beginning of the month, 30,000 units were in process. During October, the company started 140,000 units and transferred 150.000 units to the Assembly department At the end of the month, the Cutting department work in process Inventory consisted of 20,000 units that were 80% complete with respect to conversion costs Required: 1. Prepare the Cute ng department's process cost summary for October using the weighted-average method. 2. Prepare the jours entrydsted October 31 to transfer the cost of the partially completed units to Assembly Complete this question by entering your answers in the tabs below. Feated 1 und 2 Prepare the Cutting department's process cast summary for October using the weighted-average method. (Round "Cost per Eup to 2 decimal places.) Total oosts to account for Total costs to account for Total cost accounted for Don due to rounding costunit Unitroonallation: Units to account for: Total units to account for units accounted for: Total unito aoscunted for Equivalent units of production (EUP)-walghted average method Un * Materials EUR Materials Conversion EUR. Conversion Total units Coct per equivalent unit of production Materiais Conversion Coats EUP EUP Total costa Esaivalentents of prod.ction Cosa per equivalent of production Total costs noounted for: Cost of unts transferred out Direct materials Conversion EUP Cost per EUP Total cost Total costs transmed out Costs of ending work in process EUP Cost per EUP Total oost Direct materials Conversion Total cost of anong work in process Total costs accounted for Required 2 >