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having trouble with a3 journalize the costs transferred out to fonished goods for the rolling department. and b determine the balance of work in process.
having trouble with a3 journalize the costs transferred out to fonished goods for the rolling department. and b determine the balance of work in process.
In October, the east of moterials transterred into the Flailing Dopartment from the Casting Department of Jabari 5teed Company is $575,200. The conversian cost for the period in the Roling Deportment is $110,000 (\$67,400 factory overhend apptied and $42,600 direct latior). The tutal cast transtarred to Flnished Goods for the period was $5$0,000. The Roling Department had a beginning inventory of $23,900. a1. Journalize the cost of transferred-in materials for the Rolling Deportment. If an amount box does aot require an entry, teave it blank. Tesithack frum ane deportment to the nest. a3. Journalize the costs transferred out to Finished Goods for the Roling Depertment. If an arnouns box does not require an entry, leave it blank. Freseac TOed Wh whit Moteriais, Work in Procesi, and Anished Coodi. D. Determine the batance of Work in Process - Rolling at the ond of the period. Fecall that the Work ia Process account represents et the costs aswocisted with usits that have been started dunng the penod but bave not been completed and transformet out Step by Step Solution
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