Test: Exam 2 Pristine Products uses a JIT management system to manufacture trading pins. The standand cost per pin is $1 for direct materials and $3 for conversion costs. Last month, Pristine recorded the following data Number of pins completed Number of pins sold (on account at $12 each) Raw material purchases (on account) Conversion costs 3,700 pins 3.000 pins S 7.500 $ 12,500 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) Date Accounts Debit Credit Joumalize the actual conversion costs incurred Accounts Debit Credit Date Time Remaining: 01:45:14