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I need help with the bottom one Villa Company has adopted a JIT management system and has the following transactions in August: i (Click the

I need help with the bottom one

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Villa Company has adopted a JIT management system and has the following transactions in August: i (Click the icon to view the transactions.) 10. Record the journal entries for Villa Company for August. 11. Post appropriate entries to the Conversion Costs T-account to determine the amount of underallocated or overallocated overhead. Record the adjusting entry. Date Accounts Debit Credit Raw and In-Process Inventory 75,000 Accounts Payable 75,000 i More Info - X a. Purchased raw materials on account, $75,000. Journalize the actual conversion costs incurred. b. Incurred labor and overhead costs, $80,000. Date Accounts Debit Credit C. Completed 1,100 units with standard costs of $65 for direct materials and $120 for conversion costs. b. Conversion Costs 80,000 d. Sold on account 625 units for $200 each Wages Payable, Accumulated Depreciation, etc. 80,000 Print Done Journalize the completed production. Date Accounts Debit Credit

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