please complete the last jornal entry, which I have left blank from any answers. thank you!
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 360 pounds of alloy in process, which were 60% complete as to conversion. The Work in Process balance for these 360 pounds was $50,112, determined as follows Direct materials (360x $132) $47,520 Conversion (360x600%x $12) 2.592 $50,112 me Du ng May, the Cast ng Department was charged S353,000 for 2,000 pour ds of alloy and S22,061 for direct labor Factory overhead is apphed to the depann ent at a rate of 150% department transferred out 2 760 pounds of finished cast ngs to the Mach r ng Department The May 31 nventory r' process was 15% e nplele as to covers n area a Required , May 1 prepare the journal entry for the casting Department for the materials charged to producton . 2 On May 31, prepare the journal entry for the Casting Department for the conversion costs charged to production 3 On May 31, prepare the jourmal entry for the Casting Department for the completed production transferred to the Machining Department Reler to the Chart of Accounts for exact wording of account bies Round all amounts to the nearest whole doliar b Determine the Work in Process-Casting Department May 31 balance c Compute and evaluate the change in the costs Rer eQuvalent unit for direct materials and conversion from the previous month (Apri) a(t) On May 1, prepare the joumal entry for the Casting Department for the materials charged to production Refer to the Chart of Accounts for exacf wording of account ntlies How does grading work? AGE 10 Score: 25/25 JOURNAL DATE POST,REFDNT DESCRIPTION May1 Work in Process Casting Department 353,60000 53,600.00 Materials Alloy Points 51 charged to production Refer to the Chart of Accounts for exact wording of account tes Round all az) On May 31, prepare the journal entry for the Casting Department for the conversion costs amounts to the nearest whole dollar a(2). On May 31, prepare the journal entry for the Casting Department for the conversion costs charged to production. Refer to the Chart of Accounts for exa amounts to the nearest whole dollar How does grading work? PAGE 10 JOURNAL Score: 37/37 DATE POST REF DEBIT CREDIT May 31 Work in Process-Casting Department 56,628.00 22,651.00 Wages Payable Factory Overhead-Casting Department 3,97700 a(3) On May 31, prepare the journal entry for the Casting Department for the completed production transferred to the Machining Department Refer to the Cha titiles Round all amounts to the nearest whole dollar Journal a(3) On May 31, prepare the journal entry for the Casting Department for the completed production transferred to the Machining Department titles Round all amounts to the nearest whole dollar Refer to the Chart of Accounts for exact wording of account How dors sroding.work? RAGE 10 JOURNAL Score: 16/25 POST REF CREDIT May 31 Work in Process Machining Department Work in Process Casting Department Points32/5
