Prized Products uses a JiT management system to manufacture trading pins. The standard cost per pin a $1 for direct materials and $3 for conversion costs. Last month. Przed recorded the following daw Number of pins completed 3,700 pins Number of pins sold on account at $8 each) 3,800 pins Raw material purchases (on account) 8,000 Conversion costs Use JIT costing to preparo joumal entries for the month, including the entry to adjust the Conversion Costs account. (Record debits first, then credits Exclude explanations ton journal entries $ $ 14,500 Journalize the actual conversion costs incurred. Credit Date Debat 14,500 Accounts Conversion Costs Wages Payable, Accumulated Depreciation, etc 14.500 Journalize the completed production Date Debit Credit Accounts ninnut fins and then click Check