The cost of materials transferred into the Rolling Department of Blackrock Steel Company is $625,500 from the

Question:

The cost of materials transferred into the Rolling Department of Blackrock Steel Company is $625,500 from the Casting Department. The conversion cost for the period in the Rolling Department is $157,680 ($94,600 factory overhead applied and $63,080 direct labor). The total cost transferred to Finished Goods for the period was $724,200. The Rolling Department had a beginning inventory of $38,020. 

a. Journalize 

(1) The cost of transferred-in materials.

(2) Conversion costs.

(3) The costs transferred out to Finished Goods.

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

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Accounting

ISBN: 9781337902687

28th Edition

Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider

Question Posted: