Homework Question 9, EM4-27 (book/static) Part 1 of 9 Neil Casler 09/30/22 4:07 PM HW Score: 88.65%, 10.64 of 12 points O Points: 0 of 1 Save Lally, Inc. produces universal remote controls. Lally uses a JIT costing system. One of the company's products has a standard direct materials cost of $9 per unit and a standard conversion cost of $35 per unit During January 2024, Lally produced 500 units and sold 495 units on account at $45 each. It purchased $4,800 of direct materials on account and incurred actual conversion costs totaling $14,000. Read the requirements Requirement 1. Prepare the summary journal entries for January (Record debits first, then credits. Exclude explanations from journal entries.) Journalize the purchase of raw materials Date Jan 2024 modocs example Get more help T Accounts DELL Debit Credit 66F A Clear all Check answer 407 PM 9/30/2022