Click, Inc. is a manufacturer of digital cameras. It has two departments assembly and testing. In January 2020 , the company incurred $750,000 on direct materials and $815,000 on conversion costs, for a total manufacturing cost of $1,565,000. During February 5,000 cameras are placed into production, but only 4,000 cameras are fully completed at the end of the month. All direct materials have been added to the remaining 1,000 cameras. However, on average, these remaining 1,000 cameras are only 50% complete as to conversion costs. (Click the icon to view the data on the cameras,) Read the requirement Prepare summary joumal entries for the use of direct materials and incurrence of conversion costs. (Record debits first, then credits. Exclude explanations from any journal entries.) Begin by recording the purchase and use of direct materials. E (Click the icon to view the data on the cameras.) Read the requirement. Reference Requirement Prepare 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