Process Costing Journal Entries In October, the cost of materials transferred into the Rolling Department from the Casting Department of Jabari Steel Company is $500,000. The conversion cost for the period in the Rolling Department $102,700 ($62,400 factory overhead applied and $40,300 direct labor). The total cost transferred to Finished Goods for the period was $590,000. The Rolling Department had a beginning inventory of $22,700. a1. Journalize the cost of transferred-in materials for the Rolling Department. If an amount box does not require an entry, leave it blank. Work in Process Rolling Work in Process Casting 88 Check My W Remember there are three classification of loventory, Raw Materials, Work in Process, and Finished Goods. Costs accumulate and are transferred from one department to the next a2. Journalize the conversion costs for the Rolling Department. If an amount box does not require an entry, leave it tak Work in Process-Rolling Factory Overhead Rolling Wages Payable 000 000 BB a3. Journalize the costs transferred out to Finished Goods for the Rolling Department. If an amount box does not require an entry, leave it blank. Finished Goods Work in Process-Rolling Feedback Check My Work 88 b. Determine the balance of Work in Process-Rolling at the end of the period.