Preston Company manufactures car seats in its Chicago plant. Each car seat passes through the assembly department and testing department. This problem focuses on the tosting department. Direct materials are added when the testing department process is 95% complete. Conversion costs are added evenly during the testing department's process. As work in assembly is completed, each unit is immediately transferred to testing. As each unit is completed in testing, it is immediately transferred to Finished Goods. Preston Compa uses the welghted-average method of process costing. Data for the testing department for October 2017 are as follows: Click the icon to view the testing department data.) Read the requirements Requirement 1. What is the percentage of completion for (a) transferred-in costs and direct materials in beginning work-in-process in and (b) transferred-in costs and direct materials in ending work-in-process inventory? Transferred-in costs Direct materials (a) Beginning work-in-process inventory 100% 0% (b) Ending work-in-process inventory 100% 0% Requirement 2. For each cost category, compute equivalent units in the testing department Show physical units in the first column of y schedule. (For amounts with a 0 balance, make sure to enter *O* in the appropriate cell.) Equivalent Units Transferred-in Direct Conversion Physical Units Costs Materials Costs Work in process, beginning 7,000 Transferred in during current period 24.000 To account for 31,000 Completed and transferred out during current period 27.800 27.800 27,800 27.800 Work in process, ending 3.200 3,200 Accounted for 31.000 31,000 27.800 Equivalent units of work done to date Requirement 3. For each cost category, summarize total testing department costs for October 2017, calculate the cost per equivalent un and assign costs to units completed (and transferred out) and to units in ending work in process. Begin by summarizing the total costs to account for. (For amounts with a 0 balance, make sure to enter "o" in the appropriate cell) Total Transferred-in Direct Conversion Production Costs Costs Materials Costs Work in process, beginning Costs added in current period 0 1.920 29,720 Total costs to account for at is the percentage of completion for (a) transferred-in costs and direct materials in beginning work-in-pm n costs and direct materials in ending work-in-process inventory? Requirements 1. What is the percentage of completion for (a) transferred-in costs and direct materials in beginning work-in-process inventory and (b) transferred-in costs and direct materials in ending work-in-process inventory? 2. For each cost category, compute equivalent units in the testing department. Show physical units in the first column of your schedule. 3. For each cost category, summarize total testing department costs for October 2017, calculate the cost per equivalent unit, and assign costs to units completed (and transferred out) and to units in ending work in process. 4. Prepare journal entries for October transfers from the assembly department to the testing department and from the testing department to Finished Goods. Print Done For each cost category, summarize total testing department costs for October 2017, calculate the cost per eq to units completed (and transferred out) and to units in ending work in process. izing the total costs to account for. (For amounts with a 0 balance, make sure to enter "O" in the appropriate Total Transferred-in Direct Conversion ent 1. What is the percentage of completion for (a) transferred-in costs and direct materials in beginning work-in-proces nsferred-in costs and direct materials in ending work-in-process inventory? Transferred-in costs Direct materials > Data Table Physical Units Transferred-In Direct Conversion (Car Seats) Costs Materials Costs Work in process, October 18 7,000 $2,928,000 $0 $803,340 Transferred in during October 2017 ? Completed during October 2017 27,800 Work in process, October 316 3,200 Total costs added during October 2017 $8,139,000 $10,091,400 $4,159,900 "Degree of completion: transferred-in costs, 2%; direct materials, %; conversion costs, 75%. bDegree of completion: transferred-in costs, 2%; direct materials, ?%; conversion costs, 60%. Print Done ment 3. For each cost category, summarize total testing department costs for October 2017, calculate the cost per equiva gn costs to units completed (and transferred out) and to units in ending work in process. summarizing the total costs to account for. (For amounts with a 0 balance, make sure to enter "o" in the appropriate cell Total Transferred-in Direct Conversion Production Costs Costs Materials Costs process, beginning added in current period