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A&A Inc. is a manufacturer of digital cameras. It has two departments: assembly and testing. In January, the company incurred $ 9 0 0 ,

A&A Inc. is a manufacturer of digital cameras. It has two departments: assembly and testing. In January, the company incurred $900,000 on direct materials and $957,600 on conversion costs for a total manufacturing cost of $1,857,600. During February, 12,000 cameras are placed into production, but only 9,000 cameras are fully completed at the end of February. All direct materials have been added to the remaining 3,000 cameras. However, on average, these remaining 3,000 cameras are only 50% complete as to conversion costs.View the information on the camerasRequiredPrepare summary journal entries for the use of direct materials and incurrence of conversion costs. Also prepare a journal entry to transfer out the cost of goods completed. Show the postings to the Work-in-Process account.Required. Prepare summary journal entries for the use of direct materials and incurrence of conversion costs. (Record debits first, then credits. Explanations are not required. Round your answers to the nearest whole dollar.)Begin by recording the purchase and use of direct materials.Required. Prepare summary journal entries for the use of direct materials and incurrence of conversion costs. (Record debits first, then credits. Explanations are not required. Round your answers to the nearest whole dollar.)Begin by recording the purchase and use of direct materials.DateAccountsDebitCreditInformation on the camerasCosts incurred during the periodEquivalent units of work done in current periodCost per equivalent unit$DirectMaterials900,000 $12,00075.00 $ConversionCosts957,60010,50091.20Total$166.20

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