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Author Question: Vision Company manufactures digital cameras. For May, there were no beginning inventories of direct ... (Read 139 times)

BRWH

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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$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
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Marked as best answer by BRWH on Mar 6, 2021

T4T

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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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BRWH

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Reply 2 on: Mar 6, 2021
Excellent

amandalm

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

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