Process Cost Joumal Entries In October, the cost of materials transferred into the Rolling Department from the Casting Department of Kraus 5 teel Company is $542,300, The conversion cost for the period in the Roliing Department is $114,800($68,600 factory overhead applied and $46,200 direct labor). The fotal cost transferred to Finished Goods for the period was $520,000. The Rolling Department had a beginning inventory of $23,300. a1. Journalize the cost of transferredein materials. If an amount box does not require an entry, leave it blank: a2. Joumalize the conversion costs, If an amount box does not require on entry, leave it blank:- a3. Journalize the costs transferred out to Finished Goods. If 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