QUESTION 910 pThe cost of materials transferred into the Rolling Department of Keystone Steel Company is $510,000from the Casting Department Theconversion cost for the period in the Rolling Department is $81,200 ($54,700 factory overhead applied and $26,500 direct labor).The total cost transferred to Finished Goods for the period was $553,200. The Rolling Department had a Beginning Inventory of$25,000Journalize the cost of transferred out to Finished Goods.Work in Process - Rolling553,200Finished Goods553,200Finished Goods553,200Work in Process - Rolling553,200Finished Goods510,000Work in Process - Rolling510,000Work in Process Rolling510,000Finished Goods510,000 The cost of materials transferred into the Rolling Department of Keystone Steel Company is $510,000from the Casting Department. Theconversion cost for the period in the Rolling Department is S81,200 ($54.700 factory overhead applied and $26,500 direct labor).The total cost transferred to Finished Goods for the period was $553,200. The Rolling Department had a Beginning Inventory of

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Description: QUESTION 910 pThe cost of materials transferred into the Rolling Department of Keystone Steel Company is $510,000from the Casting Department Theconversion cost for the period in the Rolling Department is $81,200 ($54,700 factory overhead applied and

Given information is: Opening inventory at Rolling department = $25000 Cost of goods transferred…

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The cost of materials transferred into the Rolling Department of Keystone Steel Company is $510,000from the Casting Department. The conversion cost for the period in the Rolling Department is S81,200 ($54.700 factory overhead applied and $26,500 direct labor). The total cost transferred to Finished Goods for the period was $553,200. The Rolling Department had a Beginning Inventory of

The cost of materials transferred into the Rolling Department of Keystone Steel Company is $510,000from the Casting Department. The conversion cost for the period in the Rolling Department is S81,200 ($54.700 factory overhead applied and $26,500 direct labor). The total cost transferred to Finished Goods for the period was $553,200. The Rolling Department had a Beginning Inventory of

FINANCIAL ACCOUNTING

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Chapter1: Financial Statements And Business Decisions

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