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 900 pounds of Caloy in process, which were 70% complete as to conversion. The Work in Process balance for these 900 pounds was $96,930, determined as follows: Direct materials (900 x $100) $90,000 Conversion (900 x 70% x $11) 6,930 $96,930 During May, the Casting Department was charged $816,000 for 8,500 pounds of alloy and $33,960 for direct labor. Factory overhead is applied to the department at a rate of 150% of direct labor. The department transferred out 8,700 pounds of finished castings to the Machining Department. The May 31 inventory in process was 60% complete as to conversion al. Prepare the May Journal entry for the Casting Department for the materials charged to production a2. 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. notes, clip content & research from the web and annotate PDF study guides About Us Help Accessibility Terms of Service Privacy Statement Report Pro CL LG