This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Vision Company manufactures digital cameras. For May, there were no beginning inventories of direct ... (Read 106 times)

BRWH

  • Hero Member
  • *****
  • Posts: 553
on: Mar 6, 2021
Vision Company manufactures digital cameras. For May, there were no beginning inventories of direct materials and no beginning or ending work-in -process. Conversion costs is the only indirect manufacturing cost category currently used. Journal entries are recorded when materials are purchased and when units are sold.

Conversion costs - May$105,625
Direct materials purchased - May$262,575
Units produced - May89,500 units
Units sold - May87,500 units
Selling price$23 each

If the two trigger points are completion of good finished units of product and sale of finished goods, which of the following entries would be used to record cost of finished units completed under backflush costing? (Round intermediate calculations to the nearest cent and final calculations to the nearest dollar.)
◦
Finished Goods$359,625
Inventory Control$256,375
Conversion Costs Allocated$103,250

◦
Finished Goods$368,200
Inventory: Raw Materials$262,575
Conversion Costs Allocated$105,625

◦
Finished Goods$368,200
Accounts Payable Control$262,575
Conversion Costs Allocated$368,200

◦
Inventory Inventory Control$256,375
Conversion Costs Allocated$103,250
Finished Good$359,625
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by BRWH on Mar 6, 2021

T4T

  • Sr. Member
  • ****
  • Posts: 348
Reply #1 on: Mar 6, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 36% of students answer this correctly


BRWH

  • Member
  • Posts: 553
Reply 2 on: Mar 6, 2021
YES! Correct, THANKS for helping me on my review

ASDFGJLO

  • Member
  • Posts: 335
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Object and Word Recognition After Vertices Have Been Eliminated (Adapted from Szwed, M., Cohen, L, Q Object and Word Recognition After Vertices Have Been Eliminated (Adapted from Szwed, M., Cohen, L, Q
Apply direct pressure to the patient’s wound. Apply direct pressure to the patient’s wound.
One page of color vision chart. One page of color vision chart.
A direct injection diesel engine injects the fuel directly into the combustion chamber. Many ... A direct injection diesel engine injects the fuel directly into the combustion chamber. Many ...
A gasoline direct-injection system injects fuel under high pressure directly into the combustion ... A gasoline direct-injection system injects fuel under high pressure directly into the combustion ...
This headache remedy was “guaranteed” by the drug company; 1906. This headache remedy was “guaranteed” by the drug company; 1906.
Video: Summation - defined, spatial, temporal & AP generation or not

For a complete list of videos, visit our video library