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 91 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
Thanks for the timely response, appreciate it

JCABRERA33

  • Member
  • Posts: 344
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

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.

As in this photo from Tampa, Florida, hidden cameras now follow us almost everywhere we go. How do ... As in this photo from Tampa, Florida, hidden cameras now follow us almost everywhere we go. How do ...
Electronic digital thermometers are accurate and easy to read. Electronic digital thermometers are accurate and easy to read.
Apply direct pressure to the patient’s wound. Apply direct pressure to the patient’s wound.
A digital Holter monitor. A digital Holter monitor.
Apply direct thumb pressure into points along the upper trapezius from base of neck to shoulder. ... Apply direct thumb pressure into points along the upper trapezius from base of neck to shoulder. ...
Direct Development vs. Incomplete Metamorphosis Direct Development vs. Incomplete Metamorphosis
Video: Transcription—A molecular view

For a complete list of videos, visit our video library