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Author Question: Vision Company manufactures digital cameras. For May, there were no beginning inventories of direct ... (Read 256 times)

segrsyd

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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$109,625
Direct materials purchased - May$255,575
Units produced - May86,500 units
Units sold - May77,500 units
Selling price$30 each

Which of the following journal entries would be recorded when units are sold for the month under backflush costing?  Please round intermediate calculations to two decimal places (i.e., unit costs)

◦
Cost of Goods Sold$327,050
Inventory: Raw and In-Process$327,050

◦
Cost of Goods Sold$327,050
Inventory Control$228,625
Conversion Costs Allocated$98,425

◦
Inventory Inventory Control$228,625
Conversion Costs Allocated$98,425
Cost of Goods Sold$327,050

◦
Cost of Goods Sold$354,000
Inventory: Raw and In-Process$255,575
Conversion Costs Allocated$98,425
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by segrsyd on Mar 6, 2021

kingdude89

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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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john laren

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Reply #2 on: Dec 11, 2021
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