Backflush costing and JIT production. The Ronowski Company produces telephones. For June, there were no beginning inventories of raw materials and no beginning and ending work in process. Ronowski uses a JIT production system and backflush costing with three trigger points for making entries in its accounting system:

Purchase of direct (raw) materials Completion of good finished units of product Sale of finished goods Ronowski’sJune standard cost per unit oftelephone product is direct materials, $31.20;

conversion costs, $18. There are three inventory accounts:

Inventory: Raw and In-Process Control Finished Goods Control The following data apply to June manufacturing:

Raw materials purchased Conversion costs incurred Number of finished units manufactured Number offinished units sold Required 1. Prepare summary journal entries forJune (without disposing ofunder- or overallocated con¬

version costs). Assume no direct materials variances.

2. Post the entries in requirement 1 to T-accounts for applicable Inventory Control, Conversion Costs Control, Conversion Costs Allocated, and Cost of Goods Sold.