1 Hoffman Company manufactures car seats in its Boise plant. Each Data for the assembly department for October 2017 are as follows: car seat passes through the assembly department and the testing Click the con to view the assembly department cate department. This problem focuses on the assembly department Click the icon to view the tota costs to account for) Click the icon to view information about Hoffman Company's Click the icon to view the tota costs accounted for) process costing system) Read the requirement Prepare a set of summarized journal entries for all October 2017 transactions affecting Work in Process-Assembly (Record debits first then credits Exclude explanations from any jouma entries) Begin by recording the purchase and use of direct materials Journal Entry Accounts Debit Credit JE 1 12 (3) (4 Record the conversion costs Journal Entry Accounts Debit Credit JE 2 15 (6) Prepare a journal entry to transfer out the cost of goods completed Journal Entry Accounts Debit Credit JE 3 (9) (10) (11 12 Set up a T-account for Work in Process-Assembly and post your entries to it Work in Process-Assembly Bal (13) (15) Bal 14 16 (17) 115 Bal 1: More Info Print The process-costing system at Hoffman Company has a single direct-cost category (direct materials) and a single indirect-cost category (conversion costs) Direct materials are added at the beginning of the process Conversion costs are added evenly during the process When the assembly department finishes work on each car seat, it is immediately transferred to testing Hoffman Company uses the weighted average method of process costing Direct Materials $1,248 000 Conversion Costs $241.650 2: Data Table Physical Units (Car Seats) Work in process October 18 4.000 Started during October 2017 22.500 Completed during October 2017 26.000 Work in process October 310 500 Total costs added during October 2017 a Degree of completion direct materials, 2% conversion costs 45% bDegree of completion direct materials, 2% conversion costs, 65% $4.635.000 52.575.125 3: Total costs to account for Work in process beginning Costs added in current period Total costs to account for Total Direct Conversion Production Costs Materials Costs $ 1.489,650 S 1248 000 $ 241 650 7210 125 4635.000 2575 125 S 8.699 775 $ 5883,000 S2816.775 4: Total costs accounted for Total Direct Conversion Production Costs Materials Costs Completed and transferred out $ 8.554.000 S 5772.000 S 2782000 145.775 111.000 34.775 Work in process ending 8.699 775 $ 5.883.000 $2816.775 Total costs accounted for Work in Process Assembly Department Work In Process-Testing Department Accounts Payable Finished Goods Various Accounts 12) (3) Work In Process-Assembly Department Accounts Payable Work In Process-Testing Department Finished Goods Various Accounts Work in Process --Assembly Department Accounts Payable Work in Process -- Testing Department Finished Goods Various Accounts Work in Process-Assembly Department Accounts Payable Work in Process-Testing Department Finished Goods Various Accounts (5) Work In Process Assembly Department Accounts Payable Work in ProcessTesting Department Finished Goods Various Accounts Work In ProcessAssembly Department Accounts Payable Work in Process- Testing Department Finished Goods Various Accounts (6) (7) Work in Process-Assembly Department Accounts Payable Work in Process - Testing Department Finished Goods Various Accounts (8) Work in Process Assembly Department Accounts Payable Work in Process - Testing Department Finished Goods Various Accounts Work in Process-Assembly Department Accounts Payable Work in Process-Testing Department Finished Goods Various Accounts (10) Work in Process-Assembly Department Accounts Payable Work in Process-Testing Department Finished Goods Various Accounts Work in Process-Assembly Department Work In Process--Testing Department Accounts Payable Finished Goods Various Accounts (12) (13) (14) Work in Process--Assembly Department Accounts Payable Work In Process-Testing Department Finished Goods Varlous Accounts JE 1 O JE 2 JE 3 JE 1 JE 2 JE 3 (15) (16) (17) (18) JE 1 JE 2 JE 3 JE 1 JE 2 JE 3 JE 1 JE 2 JE 3 JE 1 JE 2 JE 3