Archer Company has a production process that involves three processes. Units move through the processes in this order, cutting stamping, and then polishing. The company hu Click the icon to view the transactions.) Prepare the journal entries for Archer Company. (Record debits first, then credits. Exclude explanations from joumal entries) 1. Cost of units completed in the Cutting Department, $12,000 Date Accounts Debit Credit Nov. 30 More Info 1. Cost of units completed in the Cutting Department, 512.000 2 Cost of units completed in the Stamping Department. $25,00 3. Cost of units completed in the Polishing Department, $37 poc 4. Sales on account. 540,000 5. Cost of goods sold is 70% of sales Print Done cesses in this order. cutting, stamping, and then polishing. The company had the following transactions in November uns from journal entries.) - i More Info 1. Cost of units completed in the Cutting Department, $12,000 2. Cost of units completed in the Stamping Department, $26,000 3. Cost of units completed in the Polishing Department, $37 poo 4. Sales on account, $40,000 5. Cost of goods sold is 70% of sales Print Done