vuYGERIE suor Check my world 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 added evenly throughout each process. The company uses monthly reporting periods for its weighted-average process costing system. The Work in Process Inventory-Cutting account has a balance of $84,300 as 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: Direct materials Conversion $144,488 862,400 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's work in process inventory consisted of 20,000 units that were 80% complete with respect to conversion costs. Required: 1. Prepare the Cutting department's process cost summary for October using the weighted-average method. bly uclillid places.) u only nie weignted-average Total costs to account for: 0 $ 0 Cost of goods manufactured Costs incurred this period Costs of beginning work in process Raw material purchases Total units to account for Total units accounted for: Total units accounted for Equivalent units of production (EUP)- weighted average method Units % Materials EUP- Materials % Conversion Prepare the Cutting department's process cost summary for October using the weighted average decimal places.) Total costs to account for: $ 0 Total costs to account for: Total costs accounted for Difference due to rounding cost/unit Unit reconciliation: Units to account for: $ 0 es Beginning work in process inventory - units Ending work in process - units Units started this period Equivalent units of production (EUP)- weighted average method Units % Materials EUP-Materials % Conversion Equivalent units of production (EUP)- weighted average method Units % Materials EUP-Materials % Conversion EUP Conversion Total units Cost per equivalent unit of production Materials Conversion Total costs Costs Costs EUP EUP + Equivalent units of production Cost per equivalent unit of production Total costs accounted for: Cost of units transferred out: 0 EUP Cost per EUP Total cost Direct materials Conversion Total costs transferred out EUP Costs of ending work in process Direct materials Cost per EUP Total cost $ 0.00 $ 0 $ 0.00 0 Conversion Talent of endins in ne HELL my Total costs - Equivalent units of production Cost per equivalent unit of production Total costs accounted for: Costs EUP Costs EUP 0 0 Cost per EUP EUP Total cost Cost of units transferred out: Direct materials Conversion Total costs transferred out Cost per EUP EUP Total cost $ 0.00 $ $ 0 Costs of ending work in process Direct materials Conversion Total cost of ending work in process Total costs accounted for $ 0.00 0