In Problem 17-31, Larsen Company uses the weighted- average method of process costing. Data for the assembly department for October 2014 are as follows:

Prepare a set of summarized journal entries for all October 2014 transactions affecting Work in Process—Assembly. Set up a T-account for Work in Process—Assembly and post your entries toit.

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Direct Materials Physical Units (Car Seats) 5,000 20,000 22,500 2,500 Conversion Costs Work in process, October1 Started during October 2014 Completed during 0ctober 2014 work in process, October 31" Total costs added during October 2014 1,250,000 402,750 4,500,000 $2,337,500 Degree of completion: direct materials,?%; conversion costs, 60%. b Degree of completion : direct materials,?%; conversion costs, 70%.