Problem 3-2A (Algo) Weighted Average: Production cost report LO P2, P4 Fast Company produces its product through two processing departments: Cutting and Assembly. Information for the Cutting department follows. Direct Materials Conversion. Units Percent Complete Percent Complete Beginning work in process inventory Units started this period 39,000 158,000 Units completed and transferred out 168,000 Ending work in process inventory 29,000 100% 80% Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion $ 22,500 79,800 $ 102,300 204,050 837,960 1,042,010 Total costs to account for $ 1,144,310 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. Complete this question by entering your answers in the tabs below. Required 11 Required 2 Prepare the Cutting department's production cost report for October using the weighted average method. (Round "Cost per EUP" to 2 decin