HELP WITH ACCOUNT 2 PROBLEM

League. Inc. produces universal remote controls. League uses a JIT costing system. One of the company's products has a standard direct materials cost of exist7 per unit and a standard conversion cost of exist27 per unit. During January 2018. League produced 600 units and sold 595 units on account at exist45 each. It purchased exist6, 300 of direct materials on account and incurred actual conversion costs totaling exist15, 500. Read the requirements. Requirement 1. Prepare the summary journal entries for January. (Record debits first, then credits. Exclude explanations from journal entries.) Journalize the purchase of raw materials. Journalize the actual conversion costs incurred. Journalize the completed production. Journalize the sales on account. (Do not record the costs related to the February sales. We will do this in the following step.)