(Summer 2022) omework Question 5, EM4-28 (similar to Part 1 of 7 07/24/22 6:01 PM HW Score: 12.19%, 12.19 of 100 points O Points: 0 of 17 Vertak produces electronic calculators Suppose Verte's standard cost per calator is $23 for direct materials and 365 for conversion costs. The flowing at apply to August activities Requirements 1. Prepare summary journal entries for August using JIT costing, including the entity to adjust the Conversion Costs account 2. The beginning balance of Finished Goods Inventory was $1,000 Use a T-account to find the ending balance of Fished Goods Inventory. Requirement 1. Preparse bom journal antes) Data table Joumalize the purchase of Direct materials purchased (on account Date Conversion costs incurred And Number of calculators produced 8.200 10,000 225lculator Number of calculators sold (on account, at $120 each) 220 acs example Get more help- # 93 80 49 24 E 54 95 Print Done " R T D F LL 66 G Y &7 H Fosts account, Racard debts st, then ads Exclude expart 84 00 D #2 " U 8 -0 1 6 DO 81 " 0 Clear all Check 22 19 0 P 8 * 4 + 13 " J K L < > ? X C V B N M omework Question 5, EM4-28 (similar to) Patta HW Score: 12.19%, 12.19 of 100 points O Po 0 of 17 Varek produces vectronic calculators. Suppose Verik's standard cost per calculator is $23 for direct materials and $66 for version costs. The following data apply to August act Click the on in ew the dat Requirements 1. Prepare summary journal entries for August using JIT costing, including the entry to adjust the Conversion Cost 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 jumal entries for August using JT coating, including the entry to adjust the Conversion Coats account Record det first, then und Exclude exp from journal entres) Joumalize the purchase of raw materials Cate Aug cs example Get more help- Accounts Deb Credit Clear all Check a 1 Q 80 383 #3 3 $ 54 4 % 55 60 96 P " 8: DO 8: 2 70 & S 6 7 8 9 0 E R T Y U { - 0 P [ D F LL G H J K L x C V B N M V- V +