Process Cost Journal Entries In October, the cost of materials transferred into the Rolling Department from the Casting Department of Kraus Steel Company is $513,500. The conversion cost for the period in the Rolling Department is $117,000 ($69,300 factory overhead applied and $47,700 direct labor). The total cost transferred to Finished Goods for the period was $570,000. The Rolling Department had a beginning inventory of $28,300. al. Journalize the cost of transferred-in materials. If an amount box does not require an entry, leave it blank. Work in Process-Rolling Work in Process-Casting Feedback a2. Journalize the conversion costs. If an amount box does not require an entry, leave it blank. Work in Process-Rolling Factory Overhead-Rolling Wages Payable Feedback a3. Journalize the costs transferred out to Finished Goods. If an amount box does not require an entry, leave it blank. Finished Goods Work in Process-Rolling Feedback b. Determine the balance of Work in Process-Rolling at the end of the period