ecord the conversion costs Journal Entry Date Debit Credit Accounts Work in Process-Assembly Various Accounts (Mfg labor, Energy, etc.) 790000 E 2 790000 repare a journal entry to transfer out the cost of goods completed Journal Entry Debit Date Accounts Credit Work in Process-Testing Work in Process- Assembly E 3 Show the postings to the Work in Process account. Show the postings to the Work in Process account. Work in Process-Assembly Department Bal. 725000 790000 JE 3 JE 1 JE 2 Bal Bal. Choose from any list or enter any number in the input fields and then continue to the next question Click, Inc. is a manufacturer of digital cameras. It has two departments: assembly and testing. In January 2017, the company incurred $725,000 on direct materials and $790,000 on conversion costs, for a total manufacturing cost of $1,515,000. During February 5,000 cameras are placed into production, but only 4,000 cameras are fully completed at the end of the month. All direct materials have been adde to the remaining 1,000 cameras. However, on average, these remaining 1,000 cameras are only 75% complete as to conversion costs. (Click the icon to view the data on the cameras.) Read the requirement. Prepare summary journal entries for the use of direct materials and incurrence of conversion costs. (Record debits first, then credits. Exclude explanations from any journal entries.) Begin by recording the purchase and use of direct materials. Journal Entry Date Accounts Debit Credit 725000 Work in mbly JE 1 Accounts Payable 725000 Record the conversion costs Reference Journal Entry Date Accounts JE 2 Direct Materials Conversion CostsTotal Various Accounts (Mfg labor, Energy, etc.) 725,000 S 5,000 145.00 S Costs incurred during the period Equivalent units of work done in current period Cost per equivalent unit 790,000 4,750 166.32$ 311.32 Prenare a iournal entry to transfer out the cost of aoods comoleted Choose from any list or enter any number in the input fields and then cont