Save Homework: Chapter 19 Homework Score: 0 of 5 pts E19-29 (similar to) 6 of 9 (5 complete) HW Score: 18.36%, 18.36 of 100 pts Question Help Veritek produces electronic calculators. Suppose Veritek's standard cost per calculator is $27 for direct materials and $67 for conversion costs. The following data apply to August activities: E: (Click the icon to view the data.) Requirements 1. Prepare summary journal entries for August using JIT costing, including the entry to adjust the Conversion Costs account. 2. The beginning balance of Finished Goods Inventory was $1,500. Use a T-account to find the ending balance of Finished Goods Inventory. Requirement 1. Prepare summary journal entries for August using JIT costing, 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 Aug. Choose from any list or enter any number in the input fields and then click Check Answer. E19-29 (similar to) Question Help Veritek produces electronic calculators. Suppose Veritek's standard cost per calculator is $27 for direct materials and $67 for conversion costs. The following data apply to August activities: (Click the icon to view the data.) Requirements 1. Prepare summary journal entries for August using JIT costing, including the entry to adjust the Conversion Costs account. 2. The beginning balance of Finished Goods Inventory was $1,500. Use a T-account to find the ending balance of Finished Goods Inventory. Requirement 1. Prepare summary journal entries for August using JIT costing, 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 i Data Table Aug. Direct materials purchased (on account) Conversion costs incurred Number of calculators produced Number of calculators sold (on account, at $116 each) 8,300 21,000 300 calculators 295 calculators Print [Done] Print Done