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 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) Conversion (230 x 60% x $18) $30,360 2,484 $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. 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 requir an entry, leave it blank. Work in Process-Machining Department Work in Process-Casting Department Feedback 402,828.08 402,828.08 Check My Work a3. Are these goods ready for finished goods inventory or do these units need to be transferred to another department first? b. Determine the Work in Process-Casting Department May 31 balance. $29,615.9