Carter Company man actures cell phones and uses JIT costing. The standard unit cost of $23 is composed or15 direct materials and $8 co e sion costs. Raw materials purchased on account during June totaled 1 200 000 Actual conversion costs totaled S500,000. Carter completed 50,000 cell phones in June and sold 45,000 on account. The sales price is $40 each. Read the eguirements Raw and In-Process Inventory 1,200,000 Accounts Payable 1,200,000 (b) Actual conversion costs. Date Debit Credit Conversion Costs 500,000 Wages Payable, Accumulated Deprediation, etc. 500,000 (c) Completed 50,000 cell phones Date Debit Credit Finished Goods Inventory Raw and In-Process Inventory Conversion Costs 1.150,000