LOTTO Acade Casting Inc. aus Wades for turbine engine. Within the Casting Department, aley is first mehed in a crucible, then poured into molts to produce the casting On May 1, there were 230 pounds of wypro which were on complete as to conversion. The Work in Process balance for these 230 pounds was $32,644, determined as follows $30.360 Direct materials (230 x $132) Conversion (230 x 60% $18) $32.844 During Mary, the Casting Department was charged $350.000 for 2.500 pounds of alloy and $19.840 for direct labor. Factory overhead is applied to the department at a rate of 150% of direct labor. The department transferred out 2,530 pounds of finished casting to the Machining Department. The May 31 Inventory in process was 44% complete as to conversion $32,544 During May, the Casting Department was charged $350.000 for 2,500 pounds of alloy and $19.840 for direct labor. Factory overhead is pled to the department at a rate of 10 of direct labor. The departmenttranded out 2,530 pounds of finished castings to the Machining Department. The May 31 inventory in process was 44% complete as to conversion al. Prepare the Mayjournal entry for the Casting Department for the materials charged to production a2. Prepare the Mayjournal entry for the Casting Department for the conversion couts charged to production box does not require an entry leave Mak. 3. Prepare the May joumal 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 cost per equivalent unit for direct materials and conversion from the previous month (Art). Cost per Equivalent Unit Change in materials Change in conversion