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 $87,300 as of October 1, which consists of $18,000 of direct materials and $69,300 of conversion costs. During the month the company incurred the following costs Direct materials $121,600 e,000 Conversion During October, the company started 143,000 units and transferred 153,000 units to finished goods. At the end of the month, the work in process inventory consisted of 21500 units that were 80% complete with respect to conversion costs Required: 1. Prepare the company's process cost summary for October using the weighted-average method 2 Prepare the journal entry dated October 31 to transfer the cost of the completed units to finished goods inventory Prepare the company's process cost summary for October using the weighted-average method. (Round "Cost per CUP to 2 decmal places.) Total costs to account fer Total costs to account for Total costs accounted for Dfference due to runding costunt Unit reconcilicion: Units to account for Total units to account for Total units accounted for Total units aceounted for Equivalent units of prodoction (EUP)- weighted average method EUP % Materiels EUP. MaterialsS Conversios Units Conversion Total units Materials Cost per equlvalent unt of production Conversion Prepare the joumal ntry dated odober 31 to traafer the cost of the completed unts to finished geeds inventorys Total costs Costs Costs Equivalent units of producion Cost per equivalent unit of production ponded to 2 demals) EUP EUP Total cosis acccunted for Journal entry worksheet Cost per euP Cost of units ranlered out EUP Total cost Direct natera dhe trfer of goods to feished inary Conversion Total costs transfened out Cests of ending work in process tEnter de bef ae Cost per EUP Total cost EUP General Jor Drect materials Debe Cred O3 Conversion Total cost of ending work in proeess- Total costs accourted for Cear eny