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 - May | 86,500 units |
| Units sold - May | 77,500 units |
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)
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| Cost of Goods Sold | $327,050 |
| Inventory: Raw and In-Process | $327,050 |
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| Cost of Goods Sold | $327,050 |
| Inventory Control | $228,625 |
| Conversion Costs Allocated | $98,425 |
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| 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 |
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