Fast Co. produces its product through a single processing department. Direct materials are added at the start of production, and conversion costs are added evenly throughout the process. The company uses monthly reporting periods for its weighted-average process costing system. The Work in Process Inventory account has a balance of $90,300 as of October 1, which consisted of $18,900 of direct materials and $71,400 of conversion costs.

During the month the company incurred the following costs:

Direct materials	$162,400
Conversion	922,400

During October, the company started 146,000 units and transferred 156,000 units to finished goods. At the end of the month, the work in process inventory consisted of 22,400 units that were 80% complete with respect to conversion costs.

2. Prepare the journal entry dated october 31 to transfer the cost of the completed units to finished goods inventory view transaction list view general journal Journal Entry Worksheet Record the transfer of goods to finished goods inventory. Debit Credit Date General Journal Oct 31 "Enter debits before credits done ear entry record entry