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Process Cost Journal Entes In October, the cost of materials transferred into the Rotting Department from the Casting Department of Kines Steel Company is $33,700.

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Process Cost Journal Entes In October, the cost of materials transferred into the Rotting Department from the Casting Department of Kines Steel Company is $33,700. The converoon cent for the period in the Rolling Department is $110,000 ($64,100 factory overhead polied and 546.700 direct labot). The total cost transferred to finished Goods for the period was $530,000. The Rolling Department had a beginning inventory of 523,200 al. Journalize the cost of transferred in materials. If any amount box does not care an entry leave it blank Work in Process Rolling Materials X | | | | Remember there are the clocations of into row maten, work in proces and fished goods 12. Journaline the conversion costs of an amount box does not require an entry, leave bank Work in Process Rolling Factory Overhead Rolling Was Payable 3. Journalize the costs transferred out to wished Goods. If an amount box does not require an entry leak Work in Process Rolling X Factory Overhead Castin 88 Previous Nee Check My Work more Check My Wong 3. Journalize the costs transferred out to finished Goods an amount box does not require an entry. Letbank Work in Process Rolling Factory Overhead Casting Footback Check Now that the units are completed how will that affect the set accounts of the bossRemember there are three types of inventory na proces Finished goods b. Determine the balance of Work in Processing at the end of the peod Feedba Ched Recht that the work in process account represents all the costs sociated with its that have been started during the period but have not been controlered out

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