Solution-Journalize for the rolling department the

Journalize for the rolling department the conversion costs

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Reference no: EM132759786

Problem - Process cost journal entries - In October, the cost of materials transferred into the Rolling Department from the Casting Department of Kraus Steel Company is $3,000,000. The conversion cost for the period in the Rolling Department is $462,600 ($275,000 factory overhead applied and $187,600 direct labor). The total cost transferred to Finished Goods for the period was $3,392,400. The Rolling Department had a beginning inventory of $163,800.

a1. Journalize for the Rolling Department (1) the cost of transferred-in materials.

a2. Journalize for the Rolling Department (2) the conversion costs.

a3. Journalize for the Rolling Department (3) the costs transferred out to Finished Goods.

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

Reference no: EM132759786

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Journalize for the rolling department the conversion costs

Reference no: EM132759786

Reference no: EM132759786

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