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Business, 20.07.2021 20:00 Fabito9069

The cost of materials transferred into the Rolling Department of Keystone Steel Company is $553,600 from the Casting Department. The conversion cost for the period in the Rolling Department is $107,500 ($64,300 factory overhead applied and $43,200 direct labor). The total cost transferred to Finished Goods for the period was $622,800. The Rolling Department had a beginning inventory of $27,900. Required:
a. Journalize the cost of transferred-in materials.
b. Journalize the conversion costs.
c. Journalize the costs transferred out to Finished Goods.

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The cost of materials transferred into the Rolling Department of Keystone Steel Company is $553,600...
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