=+Conversion (800  60%  $16) 7,680 ________

$111,680 ________ ________ During December, the Casting Department was charged $945,000 for 7,500 pounds of alloy and $45,072 for direct labor. Factory overhead is applied to the department at a rate of 150% of direct labor. The department transferred out 7,750 pounds of finished castings to the Machining Department. The December 31 inventory in process was 44%

complete as to conversion.