Required information [The following information applies to the questions displayed below.] Victory Company uses weighted average process costing. The company has two production processes. Conversion cost is added evenly throughout each process. Direct materials are added at the beginning of the first process. Additional information for the first process follows. Required: 1. Compute equivalent units of production for both direct materials and conversion. 2. Compute cost per equivalent unit of production for both direct materials and conversion. 3. Assign costs to the department's output-specifically, to the units transferred out and to the units in ending work in process inventory. (Round "Cost per EUP" to 2 decimal places.) Fast Company produces its product through two processing departments: Cutting and Assembly. Information for the Cutting department follows. 1. Prepare the Cutting department's production cost report for October using the weighted average method. 2. Prepare the October 31 journal entry to transfer the cost of completed units from cutting to Assembly. Complete this question by entering your answers in the tabs below. Prepare the Cutting department's production cost report for October using the weighted average method. (Round "Cost per EUP" to 2 decima places.) Equivalent units of production (EUP) Journal entry worksheet Record the transfer of goods to next department. Note: Enter debits before credits