cey Company has adopted a JIT management system and has the folowing transactions in August Click the icon to view the transactions) Record the jourmal entries for Mackey Company for August Post appropriate entries to the Conversion Costs T-accournt to determine the amount of underallocated or overallocaled overhead Record the adjusting entry Date Accounts Debit Credit a. More Info X marmalze the actual conversion costs incured Date Purchased raw materials on account, $20,000 Accounts au Debit Credit b. Incumed labor and overhead costs, $75,000 b. Completed 800 unts with standard costs of $55 for direct malerials and $170 for conversion costs d. Sold on account 450 units for $600 each Journalze the completed production Print Done Date Accounts Debit Credit Mackey Company has adopted a JIT management system and has the following transactions in August (Cick the icon to view the transactions.) Record the jounal entries for Mackey Company for August Post appropriate entries to the Conversion Costs T-account to detemine the amount of underallocated or overalocated overhead. Record the adjusting entry 10. 11 Jounalize the sales on account. (Do not record the costs related to the month's sales. We will do this in the followng step) Date Accounts Debit Credit X d More Info Purchased raw materials on account, $20,000. a. Joumaline the cost of sales for the month bi Incumed labor and overhead costs, $75.000 Completed 800 units with standard costs of $55 for direct materials and $170 for conversion costs Date c Accounts Debit Credt Sold on accounit 450 units for $600 each d. di Print Done 11. Post appropriate eniries to the Conversion Costs T-account to delermine the amount of underalocated or overaliocated overhead. Record the adjusing entry Begin by posting the appropriate ontries to the Comversion Costs T-account Use the appropriate posting references to post the August transactions, and hen calculate and enter the ending balance "Bal" of the T-account. Conversion Costs ournalize the cost of sales for the month. Credit Debit Accounts Date d. 11. Post appropriate entries to the Conversion Costs T-account to determine the amount of underallocated or overa Begin by posting the appropriate entries to the Conversion Costs T-account. Use the appropriate posting references Conversion Costs Record the adjusting entry. (Record debits first, then credits. Exclude explanations from journal entries.) Date Accounts Debit Credit Adj Choose from any list or enter any number in the input fields and then continue to the next question. Type here to search Esc DI 4X F3 F4 $ Record the journal entries for Mackey Company for August. Post appropriate entries to the Conversion Costs T-account to detern ecord the journal entries for Mackey Company for August. (Record debi halize the purchase of raw materials. Date Accounts a. Accounts Payable Accounts Receivable Conversion Costs malize the Cost of Goods Sold Finished Goods Inventory Date Deb Raw and In-Process Inventory b. Sales Revenue Wages Payable, Accumulated Depreciation, etc. urnalize the completed production. Date Accounts Debit . hoose from any list or enter any number in the innut fieldc ond t cey Company has adopted a JIT management system and has the folowing transactions in August Click the icon to view the transactions) Record the jourmal entries for Mackey Company for August Post appropriate entries to the Conversion Costs T-accournt to determine the amount of underallocated or overallocaled overhead Record the adjusting entry Date Accounts Debit Credit a. More Info X marmalze the actual conversion costs incured Date Purchased raw materials on account, $20,000 Accounts au Debit Credit b. Incumed labor and overhead costs, $75,000 b. Completed 800 unts with standard costs of $55 for direct malerials and $170 for conversion costs d. Sold on account 450 units for $600 each Journalze the completed production Print Done Date Accounts Debit Credit Mackey Company has adopted a JIT management system and has the following transactions in August (Cick the icon to view the transactions.) Record the jounal entries for Mackey Company for August Post appropriate entries to the Conversion Costs T-account to detemine the amount of underallocated or overalocated overhead. Record the adjusting entry 10. 11 Jounalize the sales on account. (Do not record the costs related to the month's sales. We will do this in the followng step) Date Accounts Debit Credit X d More Info Purchased raw materials on account, $20,000. a. Joumaline the cost of sales for the month bi Incumed labor and overhead costs, $75.000 Completed 800 units with standard costs of $55 for direct materials and $170 for conversion costs Date c Accounts Debit Credt Sold on accounit 450 units for $600 each d. di Print Done 11. Post appropriate eniries to the Conversion Costs T-account to delermine the amount of underalocated or overaliocated overhead. Record the adjusing entry Begin by posting the appropriate ontries to the Comversion Costs T-account Use the appropriate posting references to post the August transactions, and hen calculate and enter the ending balance "Bal" of the T-account. Conversion Costs ournalize the cost of sales for the month. Credit Debit Accounts Date d. 11. Post appropriate entries to the Conversion Costs T-account to determine the amount of underallocated or overa Begin by posting the appropriate entries to the Conversion Costs T-account. Use the appropriate posting references Conversion Costs Record the adjusting entry. (Record debits first, then credits. Exclude explanations from journal entries.) Date Accounts Debit Credit Adj Choose from any list or enter any number in the input fields and then continue to the next question. Type here to search Esc DI 4X F3 F4 $ Record the journal entries for Mackey Company for August. Post appropriate entries to the Conversion Costs T-account to detern ecord the journal entries for Mackey Company for August. (Record debi halize the purchase of raw materials. Date Accounts a. Accounts Payable Accounts Receivable Conversion Costs malize the Cost of Goods Sold Finished Goods Inventory Date Deb Raw and In-Process Inventory b. Sales Revenue Wages Payable, Accumulated Depreciation, etc. urnalize the completed production. Date Accounts Debit . hoose from any list or enter any number in the innut fieldc ond t