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Accubiade Castings inc. casts blades for turbine engines. Within the Casting Department, alloy is first meited in a crucible, then poured into malds to produce

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Accubiade Castings inc. casts blades for turbine engines. Within the Casting Department, alloy is first meited in a crucible, then poured into malds to produce the castings. On May 1 , there were 900 pounds of alloy in process, which were 30% complete as to conversion. The Work in Process balance for these 900 pounds was 595,670, determined as follow5: Duning May, the Casting Department was charged $816,000 for 8,500 pounds of alloy and 568,560 for direct labor. Factory overhead is applied to the department at rate of 150% of direct labor. The department transferred out 8,700 pounds of finiahed castings to the Machining Department. The May 31 inventory in process was 2 complete as to conversion. T Crackity Wor at. Remember there are three different areas of inventory; materials, work in process, and finished goods. a3. Are these goods ready for finished goods inventory or do these units need to be tranaferred to another department first? b. Determine the Work in Process - Casting Department May 31 batance. c. Compute the change in the costs per equivalent unit for direct materials and conversion from the previous month (Apri). Accubiade Castings inc. casts blades for turbine engines. Within the Casting Department, alloy is first meited in a crucible, then poured into malds to produce the castings. On May 1 , there were 900 pounds of alloy in process, which were 30% complete as to conversion. The Work in Process balance for these 900 pounds was 595,670, determined as follow5: Duning May, the Casting Department was charged $816,000 for 8,500 pounds of alloy and 568,560 for direct labor. Factory overhead is applied to the department at rate of 150% of direct labor. The department transferred out 8,700 pounds of finiahed castings to the Machining Department. The May 31 inventory in process was 2 complete as to conversion. T Crackity Wor at. Remember there are three different areas of inventory; materials, work in process, and finished goods. a3. Are these goods ready for finished goods inventory or do these units need to be tranaferred to another department first? b. Determine the Work in Process - Casting Department May 31 batance. c. Compute the change in the costs per equivalent unit for direct materials and conversion from the previous month (Apri)

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