Prepare the cost of production summary for the assembling department for the month of October.

Shoreway Corporation is a manufacturer that uses the average cost method to account f costs of production. Shoreway manufactures a product that is produced in three separate departments: molding, the assembling departme assembling, and finishing. The following information was obtained for nt for the month of October of the current year. Wor k in process, October 1, 2,000 units composed of the following %of Amount completion 100% Transferred in from molding department $32,000 Costs added by the assembling department: Material Labor Factory Overhead $20,000 7,200 5,500 100% 60% 50% Activity during October: 10,000 units were transferred in from molding department at a cost of $160,o00 $150,000 of costs were added by the assembling department: a. b. Material Labor Factory Overhead $96,000 36,000 18,000 8,000 units were completed and transferred to the finishing department. At October 31, 4,000 units were still in process. The degree of completion of the work in process at October 31 is as follows: 90% material; 70% labor; and 35% factory overhead. C