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 4,400 Units completed and transferred out 29,920 Units in process, October 31, 60% complete 8,800 Costs: WIP, October 1 $ 35,200 Costs added during October 668,800 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 an 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 4,400 Units started 34,320 Total units to account for 38,720 Equivalent units: 29,920 Units completed Units in ending WIP 8.80 Total units accounted for: 38.720 Equivalent units Units completed Units in ending WIP 29,930 Total equivalent units Total units accounted for: 38,720 29,920 Equivalent units: Units completed Units in ending WIP Total equivalent units Cost Information Costs to account for: Beginning WIP 35,200 Incurred during October 668,800 Total costs to account for 704,000 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