Robo-Pool manufactures robotic pool vacuums. Each unit requires $230 of raw materials and $380 of conversion...

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Robo-Pool manufactures robotic pool vacuums. Each unit requires $230 of raw materials and $380 of conversion costs and is sold for $705. During a recent month the company produced and sold 126 units. Prepare journal entries to record each of the following. 1. Purchase of raw materials on credit. 2. Applied conversion costs to production. 3. Sold 126 units on credit. 4. Record cost of goods sold. View transaction list Journal entry worksheet A B C D Record the purchase of raw materials on credit. Note: Enter debits before credits. Transaction 1 Record entry General Journal Accounts receivable Clear entry Debit Credit View general Journal Assessment Tool iFrame View transaction list Journal entry worksheet < A B Transaction 2 Record the applied conversion costs to production. Note: Enter debits before credits. Record entry D General Journal Clear entry Debit Credit View general journal Journal entry worksheet < A B Transaction 3 Record the sold 126 units on credit. Note: Enter debits before credits. Record entry D General Journal Clear entry Debit Credit View general journal > Journal entry worksheet < A B Transaction 4 Record the cost of goods sold. Note: Enter debits before credits. Record entry D General Journal Clear entry Debit Credit View general journal Robo-Pool manufactures robotic pool vacuums. Each unit requires $230 of raw materials and $380 of conversion costs and is sold for $705. During a recent month the company produced and sold 126 units. Prepare journal entries to record each of the following. 1. Purchase of raw materials on credit. 2. Applied conversion costs to production. 3. Sold 126 units on credit. 4. Record cost of goods sold. View transaction list Journal entry worksheet A B C D Record the purchase of raw materials on credit. Note: Enter debits before credits. Transaction 1 Record entry General Journal Accounts receivable Clear entry Debit Credit View general Journal Assessment Tool iFrame View transaction list Journal entry worksheet < A B Transaction 2 Record the applied conversion costs to production. Note: Enter debits before credits. Record entry D General Journal Clear entry Debit Credit View general journal Journal entry worksheet < A B Transaction 3 Record the sold 126 units on credit. Note: Enter debits before credits. Record entry D General Journal Clear entry Debit Credit View general journal > Journal entry worksheet < A B Transaction 4 Record the cost of goods sold. Note: Enter debits before credits. Record entry D General Journal Clear entry Debit Credit View general journal

Answer rating: 100% (QA)

1 Purchase of Raw Materials on Credit Date Date of Purchase Accounts Receivable Debit 23... View the full answer