Cellular Connections,Inc.sold 2,500 cell phones on account for $700 each.The standard direct materials and conversion costs of each unit are $173.85 and $57.95,respectively.The company uses the perpetual inventory system.Record the journal entries for this transaction under the just-in-time costing system.Omit explanation.

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The Answer of Cellular Connections,Inc.sold 2,500 cell phones on account for $700 each.The standard direct materials and conversion costs of each unit are $173.85 and $57.95,respectively.The company uses the perpetual inventory system.Record the journal entries for this transaction under the just-in-time costing system.Omit explanation.