Problem 16-2A (Algo) Weighted Average: Production cost report LO P2, P4 Fast Company produces its product through two processing departments: Cutting and Assembly. Information for the Cutting department follows. Required: 1. Prepare the Cutting department's production cost report for Ocrober using the weighted average method. 2. Prepare the October 31 journal entry to transfer the cost of completed units from cutting to Assembly. Note: Round "Cost per Eup" to 2 decimal olaces. Journal entry worksheet Record the transfer of goods to next department. Note: Enter debits before credits