Process Cost Journal Entries In October, the cost of materials transferred into the Rolling Department from the Casting Department of Kraus Steel Company is $535,400. The conversion cost for the period in the Rolling Department is $111,800 (565,700 factory overhead applied and $46,100 direct labor). The total cost transferred to Finished Goods for the period was $510,000. The Rolling Department had a beginning inventory of $28,400 a1. Journalize the cost of transferred-in materials. If an amount box does not require an entry, leave it blank. a 2. Journalize the conversion costs. If an amount box does not require an entry, leave it blank a3. Journaliste the costs transferred out to Finished Goods. If an amount box does not require an entry leave it blank 18 b. Determine the balance of Work in Process --Rolling at the end of the period