In October, the cost of materials transferred into the Rolling Dept from the Casting Dept of Kraus Steel Company is $2,000,000. The conversion cost for the period in the Rolling Dept is $362,600 ($275,000 factory overhead applied and $87,600 direct labor.) The total cost transferred to Finished Goods for the period was $2,392,400. The Rolling Dept had a beginning inventory of $163,000. a. 1. Work in Process-Rolling Work in Process-Casting 2,000,000 2. Work in Process-Rolling 462,600 Factory Overhead-Rolling Wages Payable 3. Finished Goods Work in Process-Rolling 2,392,400 a. 1. Work in Process-Rolling 3,000,000 Work in Process-Casting 2,000,000 275,000 87,600 2,392,400 3,000,000