eBook Calculator Print Item Cost of Production and Joumal 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 6000 pounds of alloy in process, which were 30% complete as to conversion. The Work in Process balance for these 600 pounds was $79,980, determined as follows: Direct materials (600 x $130) $78,000 Conversion (600 x 30% x $11) 1,980 $79,980 During May, the Casting Department was charged $705,600 for 5,600 pounds of alloy and $22,720 for direct labor. Factory overhead is applied to the department at a rate of 150 % of direct labor. The department transferred out 5,800 pounds of finished castings to the Machining Department. The May 31 inventory in process was 15 % complete as to conversion. al. Prepare the May journal entry for the Casting Department for the materials charged to production. Cash Factory Overhead-Casting Department y for the Casting Department for the conversion costs charged to production. If an amount box does not require an entry, leave it blank Factory Overhead-Machining Department Materials-Alloy Work in Process-Casting Department Work in Process-Machining Department a3. Prepare the May journal entry for the Casting Department for the completed production transferred to the Machining Department. Ne Previous Check My Work 1 more Check My Work uses remaining 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. a3. Prepare the May journal entry for the Casting Department for the completed production transferred to the Machining Department. b. Determine the Work in Process-Casting Department May 31 balance. C Compute the change in the costs per equivalent unit for direct materials and conversion from the previous month (April). Cost per Equivalent Unit Change in materials Change in conversion Check My Work 1 more Check My Work uses remaining