How to Create a Word.docx Report from a SharePoint 2010 List?

I would appreciate some general guidance to point me down the right path. I want to create a monthly Word report where each record in an existing list will appear on their own page in a single Word document, totaling about 40 pages (40 records).

I have a Word template and a limited understanding of how to place the fields on the document from a document library list but not sure where to start building this from my current list.

1. I created a document library and made my Word template the default template. Do I need this library to copy records from my list in order to populate the Word fields or can I do it from my current list?


2. Since the list uses the same field names for all records, how do I start the next record on the next page, and so forth?


3. I assume I need a workflow to generate the report?