Kinnamon Inc. manufactures bicycle frames in two departments: Cutting and Welding. Kinnamon 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 percent complete 5,000

Units completed and transferred out 34,000

Units in process, October 31, 60 percent complete 10,000

Costs:

WIP, October 1 $ 40,000

Costs added during October 760,000

Required:

Prepare a production report for the cutting department.