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 150 times)

LCritchfi

  • Hero Member
  • *****
  • Posts: 519
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$106,625
Direct materials purchased - May$255,575
Units produced - May90,500 units
Units sold - May78,500 units
Selling price$27 each

Which of the following journal entries properly reflects the purchase of materials under backflush costing?
◦
Inventory Control$255,575
Accounts Payable Control$255,575

◦
Accounts Payable Control$255,575
Allocated Costs: Direct Materials$255,575 

◦
Accounts Payable Control$255,575
Materials Inventory$255,575

◦
Allocated Costs: Direct Materials$255,575
Inventory: Raw and Material$255,575
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 LCritchfi on Mar 6, 2021

Dnite

  • Sr. Member
  • ****
  • Posts: 297
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


LCritchfi

  • Member
  • Posts: 519
Reply 2 on: Mar 6, 2021
:D TYSM

Dinolord

  • Member
  • Posts: 313
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Varicella or chickenpox, a viral skin infection. In this photograph, the rash is beginning to form s Varicella or chickenpox, a viral skin infection. In this photograph, the rash is beginning to form s
Cleanse a linear wound by using a new sterile gauze pad for each stroke, beginning next to the wound ... Cleanse a linear wound by using a new sterile gauze pad for each stroke, beginning next to the wound ...
Direct-Acting Cholinergic Agnostic Agents Direct-Acting Cholinergic Agnostic Agents
Model of how direct repeats generated during the insertion of a transposon or an insertion sequence Model of how direct repeats generated during the insertion of a transposon or an insertion sequence
Testing distant vision Testing distant vision
People with normal color vision see the number 29 in the chart; however, those who are color-blind c People with normal color vision see the number 29 in the chart; however, those who are color-blind c
Video: Amniocentesis and CVS Animation

For a complete list of videos, visit our video library