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Author Question: Games R Us manufactures various games. For March, there were no beginning inventories of direct ... (Read 147 times)

SO00

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on: Mar 6, 2021
Games R Us manufactures various games. For March, 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 conversion costs are allocated under backflush costing.

Conversion costs - March$470,000
Direct materials purchased - March$1,090,000
Units produced - March61,800
Units sold - March44,800

Which of the following journal entries properly records the purchase of direct materials?
◦
Accounts Payable Control470,000
Inventory: Raw and In-Process Control470,000

◦
Inventory: Materials and In-Process Control1,090,000
Accounts Payable Control1,090,000

◦
Inventory: Raw and In-Process Control1,090,000
Conversion Costs1,090,000

◦
Conversion Costs1,090,000
Inventory: Raw and In-Process Control1,090,000
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by SO00 on Mar 6, 2021

kardosa007

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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.
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SO00

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Reply 2 on: Mar 6, 2021
Thanks for the timely response, appreciate it

gcook

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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