Production Report, Weighted Average Manzer Inc. manufactures bicycle frames in two departments: cutting and welding. Manzer uses the weighted average method. Manufacturing costs are added uniformly throughout the process. The following are cost and production data for the cutting department for October: Production: Units in process, October 1, 40% complete 6,000 Units completed and transferred out 40,800 Units in process, October 31, 60% complete 12,000 Costs: WIP, October 1 $ 48,000 Costs added during October 912,000 Required: Prepare a production report for the cutting department. Round cost per equivalent unit to the nearest cent. Use this rounded amount for further calculations, If an amount box does not require In entry, leave it blank or enter "o". Manzer Inc. Cutting Department Production Report For the Month of October (Weighted Average Method) Unit Information Physical flow Units in beginning WIP Units started Total units to account for Equivalent units Total units to account for Equivalent units: Units completed Units in ending WIP Total units accounted for: Equivalent units: Units completed Units in ending WIP Total equivalent units Cost Information Costs to account for: LOLD LED LED Beginning WIP 1 Incurred during October Total costs to account for Cost per equivalent unit Costs accounted for: Transferred Out Ending Work in Process Total Goods transferred out Goods in ending WIP Total costs accounted for