Star Manufacturing produces blades for engines. Within the Casting Department. alloy is first melted then...
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Star Manufacturing produces blades for engines. Within the Casting Department. alloy is first melted then poured into molds to produce the castings. On September I. there were 750 pounds of alloy in process, which were 40% complete as to conversion. The Work, in Process balance for these 750 pounds was $32.700. determined .is follows: Direct materials (750 times $26) $19.500 Conversion (750 times 60% Times $44) 13, 200 $ 32, 700 During September, the Casting Department was charged $249.200 for 8, 900 pounds of alloy and $162, 540 for direct labor. Factory overhead is applied to the department at a rate of 130% of direct labor The department transferred out 9, 520 pounds of finished castings to the Machining Department. The September 30 inventory-in process was 40% complete as to conversion. Required: Prepare the September journal entries for the Casting Department. Determine the Work in Process - Casting Department September 30 balance
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