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Completion Status: Physical (Car Seats) Units Manama Company uses the weighted-average method of process costing. Data for the assembly department for October 2021 are as
Completion Status: Physical (Car Seats) Units Manama Company uses the weighted-average method of process costing. Data for the assembly department for October 2021 are as follows: Conversion Costs Direct Materials Work in process, October 1 5,000 $1,250,000 $402,750 Started during October 2021 20,000 Completed during October 2021 22,500 Work in process, October 31 2,500 Total costs added during October $4,500,000 $2,337,500 2021 "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 al October 2021 transactions affecting Work in Process-Assembly. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac) BIUS Paragraph Arial 10pt T * BB I D BBB 01)
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