Cost of Production and Joumal Entries Accublade Castings Inc casts blades for turbine engines. Within the Casting Department, alloy is first meited 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 comversion. The Work in Process balance for these 230 pounds was 532,844 , determined as follows: During May, the Casting Department was charged $350,000 for 2,500 pounds of ailoy and $19,840 for direct laboe factory overheod 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 Departanent. The May 31 inventery in process was 44% complete as to conversion. a2. Prepare the May journal entry foe the Casting Department for the converion costs charged to production, If an amount box does not require an entry, leave it blank. a3. Prepare the May Journat entry for the Casting Department for the completed production transferred to the Machining Department. If an amount box does not requ an entry, feave it blank b. Determine the Work in Process-Casting Department May 31 barance. c. Compute and evaluate the chabge in the costs per equivaleht unit for direct materials and conversion from the previous month (Agri)