The Callan Company produces telephones. For June, there were no beginning inventories of raw materials and no beginning and ending work in process. Callan uses a JIT production system and backflush costing with for making entries in its accounting system. The following data apply to June manufacturing: (Click the icon to view the June data.) Requirements 1.Prepare summary journal entries for June (without disposing of under- or overallocated conversion costs). Assume no direct materials variances. 2.Post the entries in requirement 1 to T-accounts for applicable Inventory Control, Conversion Costs Control, Conversion Costs Allocated, Finished Goods Control, and Cost of Goods Sold. Requirement 1. Prepare summary journal entries for June (without disposing of under- or overallocated conversion costs). Assume no direct materials variances. Begin with the purchase of direct materials. (Record debits first, then credits. Explanations are not required.) More info