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 $230$ 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 follows:

Direct materials $(230$

x$$132)$ $$30,360$

$$30,360$

$60\%$ x $$18))$

$(32,844$

During May, the Casting Department was charged $$350,000$ for $2,500$ pounds of alloy and $$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.

a$1.$ 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.

Check My Work

Work in process$-$casting department, debit $350,000$

Materials$-$alloy credit $350,000$

a$2.$ 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.

work in process$-$castin department debit $49,600$

Wages payable credit $19,840$

Factory overhead credit $29,760$

a$3.$ 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.

work in process machining department? $

Work in process casting department? $

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 $($April$).$

Cost per Equivalent Unit

Change in materials increased $$?$

Change in conversion Increased $$?$