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 had the following transactions in November (Click the icon to view the transactions.) Prepare the journal entries for Archer Company. (Record debits first, then credits. Exclude explanations from journal entries.) 1. Cost of units completed in the Cutting Department, $15,000 Date Nov. 30 Accounts 2. Cost of units completed in the Stamping Department, $31,000 Date Nov. 30 Accounts 3. Cost of units completed in the Polishing Department, $31,000 Date Nov. 30 Accounts Debit Credit Debit Credit Debit Credit 4. Sales, $110,000 (Do not record costs as this will be recorded in the next step.) Date Nov. 30 5. Cost of goods sold is 30% of sales Date Nov. 30 Accounts Debit Credit Accounts Debit Credit More Info - X 1. Cost of units completed in the Cutting Department, $15,000 2. Cost of units completed in the Stamping Department, $31,000 3. Cost of units completed in the Polishing Department, $31,000 4. Sales on account, $110,000 5. Cost of goods sold is 30% of sales Print Done