please ASAP

The Herron Corporation manufactures electrical meters. For August, there were no beginning inventories of direct materials and no beginning or ending work in process. Herron uses a JIT production system and backflush costing with three trigger points for making entries in the accounting system. (Click the icon to view the August data.) Reguited August data Hemon's August standard cost per moter is direct materials, $25, and conversion cost $20. Herton has no direct materials variances. The following date apply to August manufacturing Direct materiais purchased $550,000 Number of finished units manutactured 21,000 Conversion costs incurred $440,000 Number of finished units sold 20,000 1. Prepare summary journal entries for August (without disposing of under- or overallocated conversion costs). Assume no direct materials variances. 2. Post the entries in requirement 1 to T-accounts for Materials and In-Process Inventory Control, Finished Goods Control, Conversion Costs Control, Conversion Costs Allocated, and Cost of Goods Sold. Requiremen variances. (R Begin with th JE 1 Now, prepare Requirement 1. Prepare summary joumal entries for August (without disposing of under-or overallocated conversion costs) Herron has no diroct materials variances. (Record debits first, then credits. Exclude explanations from any journal entries. Leave unused cells blank.) Begin with the purchase of direct materials. Now, prepare the entry for the conversion costs incurred. Next, prepare the entry for the completion of finished goods. Finally, prepare the entry for the sale of the finished goods. Requirement 2. Post the entries in requirement 1 to the following T-accounts. (Leave unused cells blank.)