Process Cost Journal Entries In October, the cost of materials transferred into the Rolling Department from the Casting Department of Kraus Steel Company is $544,400. The conversion cost for the period in the Rolling Department 1 6106,800 (62,600 factory overhead applied and 544,200 direct labor). The total cost transferred to Finished Goods for the period was 30,000. The Rolling Department had a beginning inventory of $25,300 a1, Soumise the cost of transferred in materials. If an amount box does not require an entry, farve it blank a 2. Journalize the conversion costs. If an amount box does not require an entry leave it blank a3. Journalize the costs transferred out to Finished Goods. If an amount box does not require an entry, leave it bank 00 b. Determine the balance of Work in Process --Rolling at the end of the period