Part 2

Data table Direct materials purchased (on account) $ 6,600 Conversion costs incurred 15,000 225 calculators Number of calculators produced Number of calculators sold (on account, at $120 each) 220 calculators step.) Print Done Dubuc produces electronic calculators Suppose Dubuc's standard cost per calculator is $7.1 for direct materials and $6.2 for conversion onsta. The following date apply to August actvities: (Click the icon to view the date Requirements 1. Preparc summary jaurnal entries for August using JIT costing, including the entry to adjust the Conversion Costs account 2 The beginning balance of Finished Goods Inventory was $1.000. Use a T-sccount to find the ending balance of Finished Goods Inventory Date Accounts Debit Credit Aug 26400 Accounts Receivable Sales Havarus 26.400 Credit Joumalize the cost of sales Date Accounts Aug. Cost of Goods Sold Finished Goods Inventory Debit 18,040 18.040 Debit Credit Joumalize the entry to close the Conversion costs account Dato Accounts Aug. Cast of Goods Sold Conversion Costa 1,050 1.050 Requirement 2. The beginning balance of Finished Goods Inventory was $1,000. USA a T-account to find the ending balance of Finished Goods Inventory Enter the beginning balance "Bal." on the first line of the T-account. Use the appropriate posting references to post the August transactions for the month and then calculate and enter the ending balance "Bal" of the T-account Finished Goods Inventory