Process Cost Journal Entries The cost of materials transferred into the Rolling Department of Keystone Steel Company is $569,100 from the Casting Department. The conversion cost for the period in the Rolling Department is $110,700 ($67,200 factory overhead applied and $43,500 direct labor). The total cost transferred to Finished Goods for the period was $605,200. The Rolling Department had a beginning inventory of $25,300. a1. Journalize the cost of transferred-in materials. Work in Process-Rolling Work in Process-Casting 569,100 569,100 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. Finished Goods Work in Process-Rolling Feedback b. Determine the balance of Work in Process-Rolling at the end of the period. Feedback