The cost of materials transferred into the Rolling Department of Atlas Steel Company is $4,654,800 from the Casting Department. The conversion cost for the period in the Rolling Department is $1,091,363 ($666,563 factory overhead applied and $424,800 direct labor). The total cost transferred to Finished Goods for the period was $5,600,180. The Rolling Department had a beginning inventory of $246,000.

a. Journalize (1) the cost of transferred-in materials, (2) conversion costs, and (3) the

costs transferred out to Finished Goods.

b. Determine the balance of Work in Process—Rolling at the end of the period.