Question: #3 please do all the problems Fast Co. produces its product through two processing departments. Direct materials are added at the start of production in

#3 please do all the problems

#3 please do all the problems 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

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. points During the month, the Cutting department incurred the following costs: Skipped Direct materials Conversion $144,400 862,400 eBook Print 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. References Required: 1. Prepare the Cutting department's process cost summary for October using the weighted average method. 2. Prepare the journal entry dated October 31 to transfer the cost of the partially completed units to Assembly. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the Cutting department's process cost summary for October using the weighted average method. (Round "Cost per El decimal places.) Total costs to account for: Screenshot Required 1 Required 2 Prepare the Cutting department's process cost summary for October using the weighted average method. (Round "Cost per El decimal places.) points Total costs to account for: Skipped eBook Print Total costs to account for: Total costs accounted for Difference due to rounding cost/unit Unit reconciliation: Units to account for: References Total units to account for Total units accounted for: Total units accounted for Equivalent units of production (EUP)- weighted average method ole of Conversion Units % Materials EUP-Materials % Conversion EUP- Conversion Screenshot Total units accounted for Equivalent units of production (EUP)- weighted average method Units % Materials EUP-Materials % Conversion EUP. Conversion points Skipped Total units Cost per equivalent unit of production Materials Conversion eBook Print Costs EUP Costs EUP References Total costs + Equivalent units of production Cost per equivalent unit of production Total costs accounted for: 0 Cost of units transferred out: EUP Cost per EUP Total cost Direct materials Conversion Total costs transferred out Costs of ending work in process EUP Total cost Direct materials Cost per EUP $ 0.00 $ 0.00 $ Conversion 0 Total cost of ending work in process Total costs accounted for Screenshot Ir-purMIJITU VIN, wuwuwuwur va III vv VI VI PUT, rr vrWINY View transaction list Journal entry worksheet points Skipped Record the transfer of goods to next department. eBook Print References Note: Enter debits before credits. General Journal Debit Credit Date Oct 31 Record entry Clear entry View general journal Screenshot

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