Accublade Castings inc casts blades for turbine engines. Within the Casting Department, alloy is first melted in a crucible, then poured into molds to produce the castings. On May 1, there were 220 pounds of alloy in process, which were 60% complete as to corversion. The Work in Process talance for these 220 pounds was $32,296, determined as follows: During May, the Casting Department was charged $408,900 for 2,900 pounds of alloy and $28,280 tor direct labor. Factory ovemead is applied to the department at a rate of 150% of direct labor. The department transferred out 2,920 pounds of finished castings to the Machining Department. The May 31 inventory in process was 20% complate as to conversion. Required: a. 1. On Mfay t, prepare the journal enty for the Casting Department for the materias charged to production: 2. On Atay 31, prepare the journal entry for the Casting Department for the conversion costs charged to production." During May, the Casting Department was charged $408,900 for 2,900 pounds of alloy and $28,280 for direct labor. Factory overtead is applied to the department at a rate of 150% of direct labor. The department transferred out 2,920 pounds of finished castings to the Machining Department. The May 31 inventory in process was 20% complete as to conversion. Required: a. 1. On May 1; prepare the joumal entry for the Casting Department for the matenals charged to production " 2. On May 31, prepare the journal entry for the Casting Department for the conversion costs charged to production. 3. On May 31, prepare the joumal entry for the Casting Department for the completed production transferred to the Machining Department" - Refer to the Chart of Accounts for exact wording of account itles. Round all amounts to the nearest whole doilat. b. Determine the Work in Process-Casting Department May 31 balance. c. Compute and evaluate the change in the costs per equivalent unit for direct materials and conversion from the previous month (Aprii). a(1). On May 1, prepare the joumal entry for the Casting Department for the materials charged to production. Refer to the Chart or Accounts for exact wording of account tilies. Question not attempted. c. Compute and evaluate the change in the cosissper eouvalent unit for direct materials and conversion from the previousimonth (Apel) a(2). On May 31, prepare the journal entry for the Casting Department for the conversian costs charged to production. Refer to the Chart of Accounts for exact wording of account titles. Round all amounts to the nearest whole dollar. Question not attempted. Q. LEiemmane vie wark c. Compute and evaluate the change in the cosss pereovavalent unt for direct malerials and comersion trom the prevous month (Apri) a(3). On May 31, prepare the journal entry for the Casting Department for the completed production transferred to the Machining Dopartment Refer to the Chart of Accounts for exact wording of account bites. Round all amounts to the nearest whole doilar. Question not atternpted. c. Compute and evaluate the change in the for direct matenals and conversion from the prevous monith (Aani). b. Determine the Work in Process-Casting Department May 31 balance. Feedback Check My Work b. How many units are still in process at the end of the period
