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2 10 Points Manama Company manufactures car seats. Each car seat passes through the assembly department and the testing department. This problem focuses on the
2 10 Points Manama Company manufactures car seats. Each car seat passes through the assembly department and the testing department. This problem focuses on the assembly department. The process-costing system at Manama 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. Manama Company uses the weighted-average method of process costing. Data for the assembly department for October 2021 are as follows: Work in process, October 1* Physical Units (Car Seats) Direct Materials Conversion Costs 5,000 Started during October 20,000 2021 Completed during October 2021 22,500 Work in process, October 31** 2,500 Total costs added during October 2021 $1,250,000 $402,750 $4,500,000 $2,337,500 *Degree of completion: direct materials 100%; conversion costs, 60%. ** Degree of completion: direct materials, 100%; conversion costs, 70%. LOM0:05 DM * Degree of completion: direct materials 100%; conversion costs, 60%. **Degree of completion: direct materials, 100%; conversion costs, 70%. Required: 1. Prepare a production cost worksheet with supporting schedules (i.e. showing all the five steps) using the weighted average of process costing. 2. Prepare the journal entries for all October 2021 transactions affecting Work in Process-Assembly. Use the editor to format your
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