Lang, Inc. produces universal temote controls Lang Sa IT posting oten one of the comparw's products has a standard direct materials cost of perustundastard conversion cost of 326 per unit. During Jary 2010. Lang produced 575 and sold 70 union account och purchase 4.500 of direct material on account and incurred actual consion.com totaling $14.000 Road the requitements Requirement 1. Prepare the summary journal entries for January (Record debit first, then credits Exche explanations from journalen Journalize the purchase of raw materials Date Accounts Debit Credit Jan 2018 Choose from any list or enter any number in the input fields and then continue to the next question totaling $14,000 ULULL Sou each it purchased 54,500 of direct materials on Read the requirements Journalize the actual conversion costs incurred. Date Accounts Debit Credit Jan. 2018 totaling $14,000 JUULUU JIJ Hd Boid 5/0 units on account at 550 each. It purchased $4,500 of direct m ULTI Read the requirements Journalize the completed production. Date Accounts Debit Credit Jan. 2018 Journalize the sales on account. (Do not record the costs related to the February sales. We will do this in the following step.) Lang, no produces universal remote controls Longues JIT costing system. One of the company's products has standard direct materials $26 per unit. During January 2018. Lang produced 575 units and sold 570 units on account at $50 each. It purchased $4,500 of direct materials totaling $14,000 Read the requirements Joumalize the sales on account. (Do not record the costs related to the February sales. We will do this in the following step) Date Accounts Debit Credit Jan. 2018 Journalize the cost of sales Lang, Inc. produces universal remote controls. Lang uses a Jil costing system. One of the company's products has a standard direct mat $26 per unit. During January 2018. Lang produced 575 units and sold 570 units on account at $50 each. It purchased $4,500 of direct mat totaling $14,000 Read the requirements Journalize the cost of sales. Date Accounts Debit Credit Jan 2018 ng 514 Read the rements Requirement 2. The January 1, 2016, balarice of the Rew and ins Process Intors account was $110.00 Toccount to find the way balance Enter the beginning til at for the account. Ut the worst posting out the way transactions to do want to ending be of the account Raw and Process Inventory Read the requirements Requirement 3. Uten account to determine whether conversion costs are over located or under located for the month. By how much? Prepare the journal entry to the Conversion Costs account Use the appropriate posting references to post the January transactions for the month, and then calculatoornitor the ending balance "Bal" of the T-account Conversion Costs Conversion costs are $26 per unit During January 2018. Lang produced 575 units and sold 570 units on ccount at $50 coch. It purchased $4.500 of direct materials on account and incurred ach do aos costos por un and totaling $14,000 Read the requirements by Conversion costs are Prepare the journal entry to adjust the Conversion Coccount Record debits first, then credits. Exclude plations from oumal ontren.) Date Accounts Debit Credit Jan, 2018