Process Costing Journal Entries

In October, the cost of materials transferred into the Rolling Department from the Casting Department of Jabari Steel Company is $6,000,000. The conversion cost for the period in the Rolling Department is $925,200 ($725,200 factory overhead applied and $200,000 direct labor). The total cost transferred to Finished Goods for the period was $6,775,760. The Rolling Department had a beginning inventory of $318,560.

Question Content Area

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

blank	Account	Debit	Credit
blank	CashFactory Overhead-CastingFactory Overhead-RollingWork in Process-CastingWork in Process-Rolling
	CashFactory Overhead-CastingFactory Overhead-RollingWork in Process-CastingWork in Process-Rolling

Question Content Area

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

blank	Account	Debit	Credit
blank	Factory Overhead-CastingFactory Overhead-RollingWages PayableWork in Process-CastingWork in Process-Rolling
	CashFactory Overhead-CastingFactory Overhead-RollingWork in Process-CastingWork in Process-Rolling
	CashFactory Overhead-CastingWages PayableWork in Process-CastingWork in Process-Rolling

Question Content Area

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.

blank	Account	Debit	Credit
blank	Factory Overhead-CastingFactory Overhead-RollingFinished GoodsWork in Process-CastingWork in Process-Rolling
	Factory Overhead-CastingFactory Overhead-RollingFinished GoodsWork in Process-CastingWork in Process-Rolling

Question Content Area

b. Determine the balance of Work in ProcessRolling at the end of the period.