Robo-Lawn is a lean manufacturer of robotic lawn mowers. Each mower requires $420 of raw materials. Estimated conversion costs to produce 1,900 units in the next year are $722,000. During a recent quarter the company produced 770 mowers and sold 750 mowers. Each mower is sold for $1,170. Required 1. Compute the conversion cost rate per mower. 2. Prepare journal entries to record (a) purchase of raw materials on credit, (b) applied conversion costs to production, (c) sale of mowers on credit, and (d) cost of goods sold and finished goods inventory.

Robo-Lawn is a lean manufacturer of robotic lawn mowers. Each mower requires $420 of raw materials. Estimated conversion costs to produce 1,900 units in the next year are $722,000. During a recent quarter the company produced 770 mowers and sold 750 mowers. Each mower is sold for $1,170. Required 1. Compute the conversion cost rate per mower. 2. Prepare journal entries to record (a) purchase of raw materials on credit, (b) applied conversion costs to production, (C) sale of mowers on credit, and (d) cost of goods sold and finished goods inventory. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the conversion cost rate per mower. Conversion cost rate per mower Journal entry worksheet 1 2 3 4 > Record the purchase of raw materials on credit. Note: Enter debits before credits. Transact Gene Journal Debit Credit a. Journal entry worksheet Record the applied conversion costs to production. Note: Enter debits before credits. Tra Gene Journal Debit Credit b. Record entry Clear entry View general Journal Journal entry worksheet Record the sale of mowers on credit. Note: Enter debits before credits. Transaction General Journal Debit Credit C. Record entry Clear entry View general Journal Journal entry worksheet Record the cost of goods sold and finished goods inventory. Note: Enter debits before credits. General Journal Debit Credit Transaction d. Record entry Clear entry View general Journal