Process Cast Journal Entries In October, the cost of materials transferred into the Rolling Department from the casting Department of Kraus steel company is $546,400, me conversion cost for the period in the Rolling Department is $104,500 (560,900 factory overhead applied and $43,700 direct labor). The total cost transferred to Finished Goods for the period was $530,000. The Holling Department hade beginning inventory of $20,000 1. Journalize the cost of transferred-in materials. If an amount box does not require an entry, leave it blank a2. Journalize the conversion costs. If an amount box does not require an entry leave it blank 85 a3 Journalize the costs transferred out to Finished Goods an amount box does not require an entry leave it blank b. Determine the balance of Work in Process Rolling at the end of the period