Cost of Producbon and Joumal Entries Accublade Castings tne casts blades for turbine engines. Within the Casting Department, alloy is first melted in a cruoble, then poured into moids to produce the castings. On May 1, thero were 900 pounds of alloy in process, which were 30% complete as to conversion. The Work in Frocess balence for these 900 pounds was $92,970, determined as follows: Ouring May, the Casting Department was charged $916,000 for 8,500 pounds of alloy and $34,000 for direct labor Factory overthead is applied to the department at a rate of 150% of direct laboe. The department transferred out 8,700 pounds of finished castings to the Machining Department. The May 31 inventery in process was a0\% complefe as to conversion: a3. Prepare the May journal entry for the Casting Department for the completed production transforred to the Machining Department. If an amount box does not require an entry, lesve it biank b. Determine the Wrok in Prosess-Casting Department Moy 31 balance. c. Compute the change in the costa per equivolen unyt for drect matenals and converson from the brevieus inonth ( A priv). Aceublade Castings Inc casts blades for turbine eng nes. Within the Casting Department, alloy is first melted in a crucble, then poured info molds to prodace the casting. On Moy 1, there nere 900 pounds of ally in process, which were 30% complete as to comversion. The workan frocess balanon for these 900 pounds was 592 .970, deterinied as During May the Casting Department was charged $816,000 for 8,500 pounds of alioy and s36,000 for durect laboc. Factory owerhead is applied to the department at a rate of conversion. a1. Prepare the May journal entry for the Casting Department for the materials charged to production. if an ameunt box does not regure an entry leave it blank. a2. Wrepare the May joumal entry for the Casting Department for the converion costs charged to production. If anf amount box does not reguir an entry, Ieave it blank b. Determine the Workan Process - Casting Department May 31 balance. c. Compute the change in the costs per equivolent unit for direct materials and conversion from-the greviaus month (Apnl)