Question 4: (Process Costing) (14 marks) General Fabricator Company assembles its product in two departments. The following data is for the cutting department for the month of October. In cutting department, direct materials are added at the beginning of the process, and conversion occurs evenly throughout the process. e beginning work in process in the cutting department was 40% complete as to conversion, and 100% complete as to direct materials. The beginning inventory cost included $12,000 for direct materials and $3,000 for conversion costs. Ending work-in-process inventory in the cutting of the process.) Cutting Beginning work-in-process units Units started this period Units completed and transferred out nding work-in-process units aterial costs added in October onversion costs added in October 40,000 50,000 10,000 $48,000 $30,000 Required: Prepare a production cost report for the cutting report for the month of October using weighted- average method