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Home Q & A Board Other Fields Homework Help Business Accounting
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liz_08 liz_08
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5 years ago
Tornado Electronics manufactures stereos. All processing is initiated when an order is received. For April 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$232,000
Standard materials costs per unit60
Standard conversion cost per unit140
Units produced3,200
Units sold2,800

Required:
Record all journal entries for the monthly activities related to the above transactions if backflush costing is used.
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ashanesashanes
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5 years ago
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liz_08 Author
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#2
5 years ago
I wanna give this person a hug.
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