S19-13 (similar to) Question Help Perfecto Products uses a JIT management system to manufacture trading pins. The standard cost per pin is $1 for direct materials and $2 for conversion costs. Last month, Perfecto recorded the following data: Number of pins completed 4,000 pins Number of pins sold (on account at $9 each) 3,400 pins Raw material purchases (on account) $ 7,000 Conversion costs $ 12.000 Use JIT costing to prepare journal entries for the month, including the entry to adjust the Conversion Costs account. (Record debits first, then credits. Exclude explanations from journal entries.) Journalize the purchase of raw materials. Date Accounts Debit Credit