Problem 4 The Rest-a-Lot chair company manufacturers a standard recliner. During February, the firm's Assembly Department started production of 75,000 chairs. During the month, the firm completed 80,0x00 chars transferred them to the Finishing Department. The firm ended the month with 10,000 chairs in ending inventory. There were 15,000 chairs in beginning inventory. All direct materials costs are a beginning of the production cycle and leted 80,000 chairs, and dded at the conversion costs are added uniformly throughout the production inning work in process was 30% complete as to conversion costs, while ending work in process was 80% complete as to conversion costs. Beginning inventory: Direct materials Conversion costs $24,000 $35,000 Manufacturing costs added during the accounting period: Direct materials Conversion costs $168,000 $278,000 Prepare a complete process costing schedule using WEIGHTED AVERAGE Prepare a complete set of journal entries for Feb Assume that H is allocated at 39% of DLS s15 ro car Dim