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 500 pounds of alloy in process, which were 70% complete as to conversion. The Work in Process balance for these 500 pounds was $47,100, determined as follows:

Direct materials (500 $90)$45,000Conversion (500 70% $6)2,100 $47,100

During May, the Casting Department was charged $404,200 for 4,700 pounds of alloy and $9,430 for direct labor. Factory overhead is applied to the department at a rate of 150% of direct labor. The department transferred out 4,900 pounds of finished castings to the Machining Department. The May 31 inventory in process was 55% complete as to conversion.

Question Content Area

a1. Prepare the May journal entry for the Casting Department for the materials charged to production. If an amount box does not require an entry, leave it blank.

a2. Prepare the May journal entry for the Casting Department for the conversion costs charged to production. If an amount box does not require an entry, leave it blank.

a3. Prepare the May journal entry for the Casting Department for the completed production transferred to the Machining Department. If an amount box does not require an entry, leave it blank.

b. Determine the Work in ProcessCasting Department May 31 balance.

c. Compute the change in the costs per equivalent unit for direct materials and conversion from the previous month (April).

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 500 pounds of alloy in process, which were 70% complete as to conversion. The Work in Process balance for these 500 pounds was $47,100, determined as follows: During May, the Casting Department was charged $404,200 for 4,700 pounds of alloy and $9,430 for direct labor. Factory overhead is applied to the department at a rate of 150% of direct labor. The department transferred out 4,900 pounds of finished castings to the Machining Department. The May 31 inventory in process was 55% complete as to conversion. Work in Process-Casting Department Wages Payable Factory Overhead Work in Process-Machining Department Work in Process-Casting Department b. Determine the Work in Process-Casting Department May 31 balance. \begin{tabular}{lll} & \multicolumn{2}{c}{ Cost per Equivalent Unit } \\ \hline Change in materials & Decrease & \\ Change in conversion & Decrease & \end{tabular}