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Fast Company produces its product through two processing departments Cutting and Assembly. Information for the Cutting department follows. Required: 1. Prepare the Cutting department's production cost report for October using the weighted average method. 2. Prepare the October 31 joumal entry to transfer the cost of completed units from cutting to Assembly Complete this question by entering your answers in the tabs below. Prepare the Cutting department's production cost report for October using the weighted average method. (Round "Cast per fup* ta.2 decim. Fast Company produces its product through two processing departments: Cutting and Assembly. Information for the Cutting department follows. Required: 1. Prepare the Cutting department's production cost report for October using the weighted average method. 2. Prepare the October 31 journal entry to transfer the cost of completed units from cutting to Assembly. Required 1 Required 2 Prepare the Cutting department's production cost report for October using the weighted average method. (Round "Cost per Eup" to 2 decimal places.) FAST COMPANY-Cuting Department Production Cost Report - Weighted Average Method For Month Ended October 31 Unit reconciliation: Units to account lor: Erwavalent uniks of production (ELMP) Direct Materials : Conversica \% Camplete (Elip. Equivalart Units ol Producion Direct Materials Fotal casts - Equalralerit units of production Cont pere nquivalont unit of production Coet Assignihrat Required? Complete this question by entering your answers in the tabs below. Prepare the October 31 journal entry to transfer the cost of completed units from cutting to Assembl Journal entry worksheet Record the transfer of goods to next department. Note: Enter debits before credits