Prepare a cost of production report for the Cutting Department of Tanner Carpet Company for December 2012. Use the average cost method with the following data:

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Work in process, December 1, 4,500 units, 75% completed Materials added during December from Weaving Department, 85,000 units Direct labor for December Factory overhead for December Goods finished during December (includes goods in process, December 1), 83,300 units Work in process, December 31, 6,200 units, 10% completed $ 40,000 699,300 169,410 98,330