Process Cost Journal Entries In October, the cost of materials transferred into the Rolling Department from the Casting Department of Kraus Steel Company is $531,400 The conversion cost for the period in the Rolling Department is $106,000 ($63,200 factory overhead applied and $42,800 direct labor) The total cost transferred to Finished Goods for the period was $550,000 The Rolling Department had a beginning inventory of $21,700 a1 Journalize the cost of transferred in materials If an amount box does not require an entry, leave it blank Accounts PayableCashFactory Overhead CastingFactory Overhead RollingFinished GoodsMaterialsWork in Process CastingWork in Process Rolling Select Select Accounts PayableCashFactory Overhead CastingFactory Overhead RollingFinished GoodsMaterialsWages PayableWork in Process CastingWork in Process Rolling Select Select a2 Journalize the conversion costs If an amount box does not require an entry, leave it blank Accounts PayableCashFactory Overhead CastingFactory Overhead RollingFinished GoodsMaterialsWages PayableWork in Process CastingWork in Process Rolling Select Select Accounts PayableCashFactory Overhead CastingFactory Overhead RollingFinished GoodsMaterialsWork in Process CastingWork in Process Rolling Select Select Accounts PayableCashFactory Overhead CastingFinished GoodsMaterialsWages PayableWork in Process CastingWork in Process Rolling Select Select a3 Journalize the costs transferred out to Finished Goods If an amount box does not require an entry, leave it blank Accounts PayableCashFactory Overhead CastingFactory Overhead RollingFinished GoodsMaterialsWages PayableWork in Process CastingWork in Process Rolling Select Select Accounts PayableCashFactory Overhead CastingFactory Overhead RollingFinished GoodsMaterialsWages PayableWork in Process CastingWork in Process Rolling Select Select b Determine the balance of Work in ProcessRolling at the end of the period $fill in the blank 302420017055005 1

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Process Cost Journal Entries In October, the cost of materials transferred into the Rolling Department from the Casting Department of Kraus Steel Company is $531,400.

Process Cost Journal Entries

In October, the cost of materials transferred into the Rolling Department from the Casting Department of Kraus Steel Company is $531,400. The conversion cost for the period in the Rolling Department is $106,000 ($63,200 factory overhead applied and $42,800 direct labor). The total cost transferred to Finished Goods for the period was $550,000. The Rolling Department had a beginning inventory of $21,700.

a1. Journalize the cost of transferred-in materials. If an amount box does not require an entry, leave it blank.

	Accounts PayableCashFactory Overhead-CastingFactory Overhead-RollingFinished GoodsMaterialsWork in Process-CastingWork in Process-Rolling	- Select -	- Select -
	Accounts PayableCashFactory Overhead-CastingFactory Overhead-RollingFinished GoodsMaterialsWages PayableWork in Process-CastingWork in Process-Rolling	- Select -	- Select -

a2. Journalize the conversion costs. If an amount box does not require an entry, leave it blank.

Accounts PayableCashFactory Overhead-CastingFactory Overhead-RollingFinished GoodsMaterialsWages PayableWork in Process-CastingWork in Process-Rolling	- Select -	- Select -
Accounts PayableCashFactory Overhead-CastingFactory Overhead-RollingFinished GoodsMaterialsWork in Process-CastingWork in Process-Rolling	- Select -	- Select -
Accounts PayableCashFactory Overhead-CastingFinished GoodsMaterialsWages PayableWork in Process-CastingWork in Process-Rolling	- Select -	- Select -

a3. Journalize the costs transferred out to Finished Goods. If an amount box does not require an entry, leave it blank.

	Accounts PayableCashFactory Overhead-CastingFactory Overhead-RollingFinished GoodsMaterialsWages PayableWork in Process-CastingWork in Process-Rolling	- Select -	- Select -
	Accounts PayableCashFactory Overhead-CastingFactory Overhead-RollingFinished GoodsMaterialsWages PayableWork in Process-CastingWork in Process-Rolling	- Select -	- Select -