Cost of Production and Journal Entries 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 700 pounds of alloy in process, which were 30% complete as to conversion. The Work in Process balance for these 700 pounds was $95,410, determined as follows: Direct materials (700 x $130) Conversion (700 x 30% x $21) $91,000 4,410 $95,410 During May, the Casting Department was charged $831,600 for 6,600 pounds of alloy and $53,320 for direct labor. Factory overhead is applied to the department at a rate of 150% of direct labor. The department transferred out 6,800 pounds of finished castings to the Machining Department. The May 31 inventory in process was 15% complete as to conversion. al. Prepare the May journal entry for the Casting Department for the materials charged to production a2. Prepare the May ournal entry or the Casting Department or the conversion costs charged to productionlf an amount box does not require an entry eave t nk