Cost of Production and Journal Entries CO Accublade Castings Inc. casts blades for turbine engines. Within the Casting Department, ahoy is first melted in a crucible, then poured into produce the castings. On May 1, there were 800 pounds of alloy in process, which were 40% complete as to conversion. The Work in Process balance for these 800 pw $121,920, determined as follows: Direct materials (800x150) Conversion (800x40% $6) $120,000 1,920 $121,920 During May, the Casting Department was charged $1,095,000 for 7,500 pounds of alley and $15,160 for direct labor factory overhead is applied to the dept at a rate of 150% of direct labar The department transferred out 7,800 pounds of finished castings to the Machining Department. The May 31 Inventory in complete as to conversion al. Prepare the May journal entry for the Casting Department for the materials charged to production. I a2. Prepare the May journal entry for the Canting Department for the conversion costs charged to production. If an an es, have b a3. Prepare the May journal entry for the Casting Department for the competed producten transferred in the Machining Department. If an ant an entry, leave it blank & Check My Work uses remaining Previous | Mr Brary, leave it blank. 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 i 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 requ an entry, leave it blank :88 b. Determine the Work in Process-Casting Department May 31 balance. c. Compute the change in the coins par equivalent unit for direct materials and conversion from the previous month (April) Change in materials Change in conversion Cost per Equivalent Unit Check My Work 4 more Check My Work using