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 124 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
:D TYSM

kswal303

  • Member
  • Posts: 316
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

The shortest mature adult human of whom there is independent evidence was Gul Mohammed in India. In 1990, he was measured in New Delhi and stood 22.5 inches tall.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Bulging Eyes Of The Tarsier Provide Insight Into Evolution Of Human Vision Bulging Eyes Of The Tarsier Provide Insight Into Evolution Of Human Vision
H. erectus migrated out of Africa beginning about 1.8 million years ago and is first known from Geor H. erectus migrated out of Africa beginning about 1.8 million years ago and is first known from Geor
The Stillwater Mining Company The Stillwater Mining Company
An ECT sensor being tested using a digital meter set to DC volts. A chart showing the voltage ... An ECT sensor being tested using a digital meter set to DC volts. A chart showing the voltage ...
Apply direct pressure to points along the shoulders. Stand to one side and use your forearm to apply ... Apply direct pressure to points along the shoulders. Stand to one side and use your forearm to apply ...
Vision-based Magnetic Compass in European Robins Vision-based Magnetic Compass in European Robins
Video: ETC Protein Complexes & Chemiosmosis (Total ATP Production and ATP Synthase)

For a complete list of videos, visit our video library