Problem 16-3A Weighted Average: Process cost summary equivalent units LO C2, C3, P4 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 $84,300 as of October 1, which consisted of $17,100 of direct materials and 567.200 of conversion costs During the month the company incurred the following costs: Direct materials Conversion $144,400 862 400 During October, the company started 140,000 units and transferred 150,000 units to finished goods At the end of the month, the work in process inventory consisted of 20,000 units that were 80% complete with respect to conversion costs ed: ar he tm su ary er Odober using the weighted average method (BRound Cost per EUP to 2 decimal places) Total costs to account for Total costs accounted for Diflecence due to rounding cost/unit Units to account foe: Total units to account for Total units accounted for Total units Units % Materials EUP Materials % Conversion EuP EliteOne 800 up