Cost of Production and Journal Entries Acculade Castings Inc. casts blades the castings. On May 1, there were 230 pounds of pounds was $32,844, determined as follows: for turbine engines. Within the Casting Department, alloy is first melted in a crucible, then poured into molds to produce alley in recess, which were 60% compite as to comeson, The work h Prac. blance tr 120 Direct materials (230 x $132) Conversion (230 x 60% x $18) 2.,484 During May, the Casting Department was dharged $350,000 for 2,500 pounds of alloy and $19,840 for direct labor. Factory everhead is applied to the department at a rate of 150% ofdeect labor. The department transferred out 2.530 pounds of firihed castings to the Mading Department. The May 31 inventory in process was 44% complete as to conversion. a1. Prepare the May journal entry for the Casting Department for the materials charged to production 2 Prepare the Hay loumal entery for the Casting Department for the conversion cests charged to prodution. it an ameunt box does not require an ener leave it blank Previous N 5 6 8 Cost of Production and Journal Entries Acculade Castings Inc. casts blades the castings. On May 1, there were 230 pounds of pounds was $32,844, determined as follows: for turbine engines. Within the Casting Department, alloy is first melted in a crucible, then poured into molds to produce alley in recess, which were 60% compite as to comeson, The work h Prac. blance tr 120 Direct materials (230 x $132) Conversion (230 x 60% x $18) 2.,484 During May, the Casting Department was dharged $350,000 for 2,500 pounds of alloy and $19,840 for direct labor. Factory everhead is applied to the department at a rate of 150% ofdeect labor. The department transferred out 2.530 pounds of firihed castings to the Mading Department. The May 31 inventory in process was 44% complete as to conversion. a1. Prepare the May journal entry for the Casting Department for the materials charged to production 2 Prepare the Hay loumal entery for the Casting Department for the conversion cests charged to prodution. it an ameunt box does not require an ener leave it blank Previous N 5 6 8