Question Content Area$/$Ledger

Process Costing Journal Entries

In October, the cost of materials transferred into the Rolling Department from the Casting Department of Jabari Steel Company is $$6,000,000.$ The conversion cost for the period in the Rolling Department is $$925,200($$$725,200$ factory overhead applied and $$200,000$ direct labor$).$ The total cost transferred to Finished Goods for the period was $$6,775,760.$ The Rolling Department had a beginning inventory of $$318,560.$

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a$1.$ Journalize the cost of transferred$-$in materials for the Rolling Department. If an amount box does not require an entry, leave it blank.

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a$2.$ Journalize the conversion costs for the Rolling Department. If an amount box does not require an entry, leave it blank.

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a$3.$ Journalize the costs transferred out to Finished Goods for the Rolling Department. If an amount box does not require an entry, leave it blank.

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