ch. 16 Homework Check my work produc 3 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 wei ghted-average in Process Inventory account has a balance of $84,300 as of October 1, which consists of $17300 of direct materials and $67,200 of conversion costs. points ng the month the company incurred the following costs: $144,400 862,400 Direct materials During October, the company started 140,000 units a nd 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. 1. Prepare the company's process cost summary for October using the weighted-average method. Required: 2 Prepare the journal entry dated October 31 to transfer the cost of the completed units to finished goods Print inventory References Complete this question by entering your answers in the tabs below Required 1 Required 2 Prepare the company's process cost summary for October using the weighted-average method. (Round "Cost per EUP to 2 decimal places.) Total costs to account for Total costs to account for