Problem $20-2$A

Weighted average:

Production cost report

P$2$ P$4$

Beginning work in process inventory

Direct materials $........$ $ $$17,100$

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

Costs added this period

Direct materials $..........144,400$

Conversion............ $862,400$

Total costs to account for

$1,006,800$

Required

Check $(1)$ Costs transferred out, $$982,500$

Prepare the Cutting department's production cost report for October using the weighted average method.

Prepare the October $31$ journal entry to transfer the cost of completed units from Cutting to Assembly.