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AccuBlade Castings Inc. casts blades for turbine engines. Within the Casting Department, alloy is first melted in a crucible, then poured into molds to produce the castings. On May 1, there were 260 pounds of alloy in process, which were 60% complete as to conversion. The Work in Process balance for these 260 pounds was $37,180, determined as follows:

1	Direct materials (260 $134)	$34,840.00
2	Conversion (260 60% $15)	2,340.00
3		$37,180.00

During May, the Casting Department was charged $276,000 for 2,000 pounds of alloy and $19,540 for direct labor. Factory overhead is applied to the department at a rate of 150% of direct labor. The department transferred out 2,060 pounds of finished castings to the Machining Department. The May 31 inventory in process was 25% complete as to conversion.

Required:

A.	(1) On May 1, prepare the journal entry for the Casting Department for the materials charged to production.* (2) On May 31, prepare the journal entry for the Casting Department for the conversion costs charged to production.* (3) On May 31, prepare the journal entry for the Casting Department for the completed production transferred to the Machining Department.* * Refer to the Chart of Accounts for exact wording of account titles.
B.	Determine the Work in Process-Casting Department May 31 balance.
C.	Compute and evaluate the change in the costs per equivalent unit for direct materials and conversion from the previous month (April).

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