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due in 30 minutes. inputs are same as shown for every journal. cant figure out how to plot it all. please help. Record the conversion
due in 30 minutes. inputs are same as shown for every journal. cant figure out how to plot it all. please help.
Record the conversion costs Prepare a journai entry to transfer out the cost of goods completed. Nhon, Inc is a manufacturer of dipgal cameras. It has two departments as semby and tosting. In danuary 2020 , the company incured $725, 000 on direct materials and 5795,000 on conversion costs, for a iotal manutacturing cost of $1.520,000. Ouring February 20,000 cameras are placed into production, but onty 18,000 cameras are fully completed at the end of the month. All direct materais have been added to the remaining 2,000 cameras. However, on average, these rernaining 2,000 cameras are only 75% complete as to coaversion costs (Click the icon to vew the data on the cameras:) Read the iegurrinent Prepare summary joumal entries for the use of direct materials and incurrence of conversion costs (Record debits first, then credits. Exclude exphanations from any joumal entries) Begin tyy recording the purchase and use of direct materials Show the postings to the work-in-process account. Reference Step by Step Solution
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