C) Port Manufacturing Company uses a process costing system. Materials are added at the beginning of the process. Direct labor and overhead are added evenly throughout the process. The company uses monthly reporting periods for its weighted average process costing. The following are the operating and cost data information for October. The October 1 beginning Work in Process Inventory consisted of 20,000 units. The costs for this inventory are $82,500 of direct materials, $24.400 of direct labor. and $48,800 of factory overhead. Factory overhead is applied at 200% of direct labor cost. In addition to the beginning inventory costs, the company issued the following costs into Work in Process Inventory; direct materials, $240,000; direct labor, $68,000; factory overhead, $136,000. During October, the company completed and transferred 60,000 units of its product to finished goods. At the end of the month, the Work in Process inventory consisted of 15,000 units that were 40% complete with respect to direct labor and factory overhead and 100% complete with respect to materials. Prepare the company's process cost summary for October using the weighted average method. Costs Charged to Production Costs of beginning work in process Direct materials Conversion Costs incurred this period Direct materials Conversion Total costs to account for Unit Cost Information Units to account for: Beginning work in process Units started this period Total units to account for Units accounted for: Completed and transferred out Ending Work in Process Total units accounted for Direct Conversion Costs Materials Equivalent Units of Production (EUP) Units completed and transferred out Units of ending Work in process Direct materials Conversion Costs Equivalent units of production Direct Materials Conversion Costs Cost per EUP Cost of beginning work in process Costs incurred this period Total costs EUP Cost per EUP Cost Assignment and Reconciliation Costs transferred out (cost of goods manufactured) Direct materials Conversion Costs Costs of ending work in process Direct materials Conversion Costs Total costs accounted for