Swain Company has adopted a JIT management system and has the following transactions in August s con to vow o) 1 Record the jyournal entries for Swain Company for August 11. Post appropriate entries to the Conversion Costs T-account to determine the amount of underallocated or overallocated overhead. Record the adjusting entry 10. Record te jurnal entries for Swain Company for August. (Record debts frst, then credits. Exclude explanations from prnal entres ) Journalize the purchase of raw materials More Info Date Accounts Debit Credit Raw and In-Process Invertory Accounts Payabie a Purchased raw materials on account, $30,000 Incurred labor and overhead costs, $76,000 c Completed 1,200 units with standard costs of $85 for direct Journalize the actual conversion costs incurred materials and $170 for conversion costs Sold on account 450 units for $350 each Date Accounts Debit Credit Print Done oumalize the completed production, Dale Accounts Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question wain Company has adopted a JiT management system and has the following transactions in August (Click the lcon to view the transactions.) 0 Record the yournal entries for Swain Company for August 11. Post appropriate entries to the Conversion Costs T-acoount to dehermine the amount of underallocated or overallocated overhead. Record the adjusing entry Jounalize the sales on account (Do not record the costs related to the month's sales. We will do this in the following stop) Date Debit Credit More Into Accounts a Purchased raw materials on account. $30,000 Incurred labor and ovarhoad costs $78,000 c Completed 1,200 units with standard costs of $85 for direct Jouaize the cost of saies for the morvth materials and $170 for conversion costs d Sold on account 450 units for $350 each Dabe Accounts Debit Credit Print Done 1.Post appropriate entries to the Conversion Costs T-account to determine the amount of underalocated or overalocated overhead Recond the adusting entry Begn by postrg teprop ate ernesto tememon Costs T accourt he te approprate postro refere ces to poste A quaranaenn and hencalaat, and enter th, oning balace Bal , one tace nt Choose trom any list or enter any number in the inout fieids and then eontinue to the next question 11. Post appropriate entries to the Conversion Costs T-account to detemine the amount of underalocated or overalocated overhead. Record the Begin by posting the appropriste entries to the Conversion Costs T-acount. Use the appropriate peting neferences to post the Auguat transactions, and then calculate and enter the anding balance "Bal. of the T-account Conversion Costs More Info a Purchased raw materials on account, $30,000 b. incurmed labor and overhead costs, $75,000 c. Completed 1,200 units with standard costs of $85 for direct ecod the uting entry(eond debis frst, then crests. Exclude explanations from jounal entries) Accounts Debit Credit materials and $170 for conversion costs Sold on account 450 unsts for $350 each Print Done Choone from any list or enter any number in the input Soids and then continue to the next