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 $$1,857,600.$ During February, $12,000$ cameras are placed into production, but only $9,000$ cameras are fully completed at the end of February. All direct materials have been added to the remaining $3,000$ cameras. However, on average, these remaining $3,000$ cameras are only $50\%$ complete as to conversion costs.View the information on the camerasRequiredPrepare summary journal entries for the use of direct materials and incurrence of conversion costs. Also prepare a journal entry to transfer out the cost of goods completed. Show the postings to the Work$-$in$-$Process account.Required. Prepare summary journal entries for the use of direct materials and incurrence of conversion costs. $($Record debits first, then credits. Explanations are not required. Round your answers to the nearest whole dollar.$)$Begin by recording the purchase and use of direct materials.Required. Prepare summary journal entries for the use of direct materials and incurrence of conversion costs. $($Record debits first, then credits. Explanations are not required. Round your answers to the nearest whole dollar.$)$Begin by recording the purchase and use of direct materials.DateAccountsDebitCreditInformation on the camerasCosts incurred during the periodEquivalent units of work done in current periodCost per equivalent unit$DirectMaterials$900,000$ $$12,00075\mathrm{.}00$ $ConversionCosts$957,60010,50091\mathrm{.}20$Total$$166\mathrm{.}20$