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sann0001 sann0001
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5 years ago
Vision Enterprises manufactures converter boxes for high definition TVs. All processing is initiated when an order is received. For March there were no beginning inventories. Conversion Costs and Direct Materials are the only manufacturing cost accounts. Direct Materials are purchased under a just-in-time system. Backflush costing is used with a finished goods trigger point. Additional information is as follows:

Actual conversion costs$435,000
Standard materials costs per unit115
Standard conversion cost per unit85
Units produced7,900
Units sold7,600

Required:
Record all journal entries for the monthly activities related to the above transactions if backflush costing is used.
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stillfastillfa
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5 years ago
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sann0001 Author
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#2
5 years ago
Thank you
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