If the ending inventory is overstated in the current year: a) All of the other answers are correct.
b) Next year's beginning inventory will also be overstated.
c) Next year's net income will be understated.
d) Net income will be overstated in the current year.

Accublade castings 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 may 1, there were 230 pounds of alloy in process, which were 60% complete as to conversion. the work in process balance for these 230 pounds was $32,844, determined as follows: exercises during may, the casting department was charged $350,000 for 2,500 pounds of alloy and $19,840 for direct labor. factory overhead is applied to the department at a rate of 150% of direct labor. the department transferred out 2,530 pounds of finished castings to the machining department. the may 31 inventory in process was 44% complete as to conversion. prepare the following may journal entries for the casting department: the materials charged to production the conversion costs charged to production the completed production transferred to the machining department determine the work in process"casting department may 31 balance.

Can someone me with general journal entry on this? ?

There are four record classifications. choose the two types of records that are never destroyed. a. vital and essential b. vital and important c. inactive and vital d. important and digitized