Process Cost Accounting In Class Work Name ABC, Inc. uses a process costing system. The following operating and cost data occurred during October 30,000 units October 1. Inventory 100% complete for materials $60,000) and 50% complete or direct labor ($7,500) and verhead (S15,000) 20,000 units 100% complete for materials October 31. Inventory 30% complete for irect labor and overhead 0,000 units irect materials Units started during Oct 110,100 8,900 7800 October production costs: Direct labor erhead Materials are added at the beginning of the process. Direct labor and overhead are incurred evenly throughout the process. Prepare the October process cost summary assuming the weighted average method of inventory costing