Beginning work in process inventory Units started this period. Units completed and transferred out Ending work in process inventory Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for Direct Materials Conversion Units Percent Complete Percent Complete 39,000 158,000 168,000 29,000 100% 80% $ 22,500 79,800 $ 102,300 204,050 837,960 1,042,010 $ 1,144,310 Unit reconciliation: Units to account for: Units to account for Total units accounted for: Total units accounted for Equivalent units of production (EUP) Equivalent Units of Production Cost per equivalent unit of production Total costs -Equivalent units of production Cost per equivalent unit of production Cost Assignment Completed and transferred out Direct materials Conversion Ending work in process Direct materials Conversion Total costs accounted for FAST COMPANY-Cutting Department Production Cost Report-Weighted Average Method For Month Ended October 31 Direct Materials Units % Complete Costs EUP Conversion EUP % Complete EUP Direct Materials EUP Cost per EUP Total cost Costs EUP Conversion Required 1 Required 2 Prepare the October 31 journal entry to transfer the cost of completed units from cutting to Asse View transaction list Journal entry worksheet 1 Record the transfer of goods to next department. Note: Enter debits before credits. Date October 31 General Journal Debit Credit Record entry Clear entry < Required 1 View general journal