Process Cost Journal Entres In October, the cost of materials transferred into the Rolling Department from the Casting Department of Kraus Steel Company is 5548,800. The conversion cost for the period in the Rolling Department is $116,900 (568,200 factory overhead applied and $48,700 direct labor). The total cost transferred to Finished Goods for the period was $570,000. The Rolling Department had a beginning inventory of $25,000 at Journalize the cost of transferred in materials. If an amount box Goes not cequire an entry, leave it blank 32. Journalize the conversion costs. If an amount box does not require an entry leave it blank 3. Journalize the cost transferred out to Finished Goods, It an amount box does not require an entry leave it han b. Determine the balance of Work in Processing at the end of the period