te: 1.86 01 3 pts 4 of 7 (7 complete) HW Score: 88 T119-5 (similar to) Mackey Company has adopted a JIT management system and has the following transactions in August Click the icon to view the transactions.) 10. 11. Record the journal entries for Mackey Company for August Post appropriate entries to the Conversion Costs T-account to determine the amount of underallocated or overallocated overhead. Record the adjusting entry. Sales Revenue 270.000 0 More Info Journalize the cost of sales for the month Date a. b. Credit Accounts Cost of Goods Sold Finished Goods inventory Debit 103,500 Purchased raw materials on account, $55,000 incurred labor and overhead costs $75.000 Completed 800 units with standard costs of 5100 for direct materials and $130 for conversion Sold on account 450 units for $600 each 103,500 d Done Choose from any list or enter any number in the input fields and then click Check Answer cor Clear Al Check Answer Type here to search A D - 4k a MG G6 L DELL Back