Cost per Equivalent Unit The cost of direct materials transferred into the Rolling Department of Kraus Company is $609,000. The conversion cost for the period in the Rolling Department is $320,000. The total equivalent units for direct materials and conversion are 2,900 tons and 5,000 tons, respectively, Determine the direct materials and conversion costs per equivalent unit. Direct materials cost per equivalent unit: per ton Conversion cost per equivalent unit: per ton Process Cost Journal Entries In October, the cost of materials transferred into the Rolling Department from the Casting Department of Kraus Steel Company is $582,100. The conversion cost for the period in the Rolling Department is $113,800 ($64,500 factory overhead applied and $49,300 direct labor). The total cost transferred to Finished Goods for the period was $540,000. The Rolling Department had a beginning inventory of $21.700. a1. Joumalize the cost of transferred-in materials. If an amount box does not require an entry, leave it blank. a2. Journalize the conversion cout If an amount box does not require an entry, leave it blank 13. Journalize the costs transferred out to hished Good. If an amount hox does not require an entry, leave it blank b. Determine the balance of Work in Process Rolling at the end of the end Previous