following costs for May: 1. Calculate the costs transferred out of each department. Molding. For a compound transaction, if an amount box does not require an entry, leave it blank. Transfer entries: 3. What if the Grinding Department had an ending WIP of $11,000 ? Calculate the cost transferred out. q Provide the journal entry that would reflect this transfer. What is the effect on finished goods calculated in Requirement 1, assuming the other two departments have no ending WIP? by $