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Business, 15.04.2020 00:54 125712

During May, the Casting Department was charged $633,600 for 6,600 pounds of alloy and $53,520 for direct labor. Factory overhead is applied to the department at a rate of 150% of direct labor. The department transferred out 6,800 pounds of finished castings to the Machining Department. The May 31 inventory in process was 20% complete as to conversion. a1. Prepare the May journal entry for the Casting Department for the materials charged to production.

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During May, the Casting Department was charged $633,600 for 6,600 pounds of alloy and $53,520 for di...
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