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Determine the balance of work in process-rolling at the end

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The cost of materials transferred into the Rolling Department of Keystone Steel Company is $517,700 from the Casting Department. The conversion cost for the period in the Rolling Department is $109,600 ($61,700 factory overhead applied and $47,900 direct labor). The total cost transferred to Finished Goods for the period was $625,100. The Rolling Department had a beginning inventory of $26,300. a

Question 1: Journalize the cost of transferred-in materials.

Question 2: Journalize the conversion costs. If an amount box does not require an entry, leave it blank.

Question 3: Journalize the costs transferred out to Finished Goods.

Question 4: Determine the balance of Work in Process-Rolling at the end of the period

Reference no: EM132575026

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