Process Cost Journal Entries

The cost of materials transferred into the Rolling Department of Blackrock Steel Company is $625,500 from the Casting Department. The conversion cost for the period in the Rolling Department is $157,680 ($94,600 factory overhead applied and $63,080 direct labor). The total cost transferred to Finished Goods for the period was $724,000. The Rolling Department had a beginning inventory of $38,020.

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

	Work in Process-Rolling	fill in the blank	fill in the blank
	Work in Process-Casting	fill in the blank	fill in the blank

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

	Work in Process-Rolling	fill in the blank 5875a703bffafdc_2	fill in the blank 5875a703bffafdc_3
	Factory Overhead-Rolling	fill in the blank 5875a703bffafdc_5	fill in the blank 5875a703bffafdc_6
	Wages Payable	fill in the blank 5875a703bffafdc_8	fill in the blank 5875a703bffafdc_9

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

	Finished Goods	fill in the blank 5d257408afce07c_2	fill in the blank 5d257408afce07c_3
	Work in Process-Rolling	fill in the blank 5d257408afce07c_5	fill in the blank 5d257408afce07c_6

b. Determine the balance of Work in ProcessRolling at the end of the period. $fill in the blank bca64aff7000f8e_1