Prepare a set of summarized journal entries for all October 2015 transactions affecting Work in Process-Assembly. Set up a T-account for Work in Process-Assembly, and post the entries to it. (Continuation of Problem 17-31).
Problem 17-31
Larsen Corp. manufactures car seats in its Sarnia plant. Each car seat passes through the assembly department and the testing department. This problem focuses on the assembly department. The process-costing system at Larsen Corp. has a single direct cost category (direct materials) and a single indirect cost category (conversion costs). Direct materials are added at the beginning of the process. Conversion costs are added evenly during the process. When the assembly department finishes work on each car seat, it is immediately transferred to testing.
Larsen Corp. uses the weighted-average method of process costing. Data for the assembly department for October 2015 are:

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Physical Units Direct Conversion (car seats) Materials Costs Work in process, October 1* Started during October 2015 Completed during October 2015 Work in process, October 31 Total costs added during October 2015 * Degree of completion: direct materials, ?%; conversion costs, 60%. 5,000 S1,250,000 S 402,750 20,000 22,500 2,500 S4,500,000 S2,337,500 t Degree of completion: direct materials, ?%; conversion costs, 70%.