Cost of Production and mal ties Acculada Castings Inc. casts Mades ir turbine engines. Withes the Casting Opartment, aly is fest matted in a uoble, then poured its molds to produce the ratings. On May 1, there were 500 pounds of alay in process, which were 70% complete as to conversion. The work in Process Balance for these 300 pounds was $30.000, determined as folows Drect maters (500x590) Conversion (100 x 70%) 343,000 5,400 $50,600 During May, the Casting Desatment was charged 1404,200 for 4700 pounds of atov and $20,300 for direct labor Factory mehead applied to the department at a rate of 150% of direct laboc The department transferred out 4.900 pounds of frished castings to the Machining Department. The May 31 vertory in process was 60% complete as to conversion al. Props the May Jouma entry for the Casting Department for the matenals charged to production , Work in Process Casting ingement Materials Albex 404300 42 Pathe Hay joumat antry for the Casting Department for the conversion costs charged to production an amount box does not requre at entry leave & Bak Wark in Castia Usament 70.950 Wegen Payable Fadory Crehead:Cesting Department 42.570 43. the Mayor entry for the Casting Department for the completed production transfimed to the Machining Department Work in Frases Machining Sheetmet 47.400 6. Ditamins the workers-Casting Depan May 31 balance Compute the change in the .m are for det matanax and conversion hom the previous month (A) Cast per Esivalent Unit Change in matarle Change in conversion