Process Cost Journal Entries In October, the cost of materials transferred into the Rolling Department from the Casting Department of Kraus Steel Company is $555,100. The conversion cost for the period in the Rolling Department is $107,900 ($66,600 factory overhead applied and $41,300 direct labot). The total cost transferred to Finished Goods for the period 3590,000. The Rolling Department had a beginning inventory of $22,400 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 12. Journalize the conversion costs. It an amourut box does not require an entry, leave it blank Work in Process Rolling Factory Overhead-Rolling Wages Payable 0 0 a). Journalize the costs transferred out to Finished Goods, If an amount box does not require an entry, leave it blank Finished Goods 10,000 Work in Process-Rolling 590.000