Problem $16-2$A $($Static$)$ Weighted average: Production cost report LO P$2,$ P$4$

Fast Company produces its product through two processing departments: Cutting and Assembly. Information for the Cutting department follows.

Units Direct Materials Conversion

Percent Complete Percent Complete

Beginning work in process inventory $30,000$

Units started this period $140,000$

Units completed and transferred out $150,000$

Ending work in process inventory $20,000100\%80\%$

Beginning work in process inventory

Direct materials $ $17,100$

Conversion $67,200$ $ $84,300$

Costs added this period

Direct materials $144,400$

Conversion $862,4001,006,800$

Total costs to account for $ $1,091,100$