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Process Cost Journal Entries The cost of materials transferred into the Rolling Department of...

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Accounting

Process Cost Journal Entries
The cost of materials transferred into the Rolling Department of Blackrock Steel Company is $596,700 from the Casting Department. The
conversion cost for the period in the Rolling Department is $114,000( $66,100 factory overhead applied and $47,900 direct labor). The
total cost transferred to Finished Goods for the period was $652,500. The Rolling Department had a beginning inventory of $26,000.
a1. Journalize the cost of transferred-in materials. If an amount box does not require an entry, leave it blank.
a2. Journalize the conversion costs. If an amount box does not require an entry, leave it blank.
a3. Journalize the costs transferred out to Finished Goods. If an amount box does not require an entry, leave it blank.
b. Determine the balance of Work in Process-Rolling at the end of the period.
$
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