Titanium Metals 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 October 1, there were 700 pounds of alloy in process, which were 60% complete as to conversion. The Work in Process balance for these 700 pounds was $45,920, determined as follows:

Direct materials (700 × $47) .... $32,900

Conversion (700 × 60% × $31) ... 13,020

$45,920

During October, the Casting Department was charged $441,000 for 9,000 pounds of alloy and $108,000 for direct labor. Factory overhead is applied to the department at a rate of 150% of direct labor. The department transferred out 9,200 pounds of finished castings to the Machining Department. The October 31 inventory in process was 44% complete as to conversion.

a. Prepare the following October journal entries for the Casting Department:

1. The materials charged to production.

2. The conversion costs charged to production.

3. The completed production transferred to the Machining Department.

b. Determine the Work in Process—Casting Department October 31 balance.