accublade casting inc. casts blades for turbine engines

Cost of production and journal entries AccuBlade Castings Inc. casts blades for turbine engines,within the Casting Department, alloy is first melted in a crucible, then produce the castings. On May 1, there were 230 pounds of alloy in process, which were 60% complete as to conversion. The Work in Process balance for these 230 pounds was $32,844, determined as fallows During May, the Casting Department was charged $350,000 lor 2,500 pounds of alloy $19, 840 for direct labor. Factory overhead is applied to the department at a rate of 150% of direct labor. The department transferred out 2,530 pounds of finished castings to the Machining Department. The May 31 inventory in process was 44% complete as to conversion. Prepare the following May journal entries for the Casting Department: The materials charged to production The conversion costs charged to production The completed production transferred to the Machining Department h. Determine the Work in Process-Casting Department May 31 balance. Compute and evaluate the change in the costs per equivalent unit for direct materials and conversion from the previous month (April)