Begin by tecording the purchase and use of direct materials. Record the conversion costs. Prepare a joumal entry to transfer out the cost of goods completed. Set up a T-account for Work in Process-Assembly and post your entries to it. More info The process-costing system at Larsen Company has a single direct-cost category folirect materials) and a single indirect-cost category (conversion costs). Direct inaterials 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. Larsen Company uses the weighted-average method of process costing. Data table Total costs to account for Total costs accounted for Requirement Prepare a set of summarized journal entries for all October 2020 transactions affecting Work in Process-Assembly. Set up a T-account for Work in Process-Assembly and post your entries to it