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Miche Miche
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5 years ago
Games R Us manufactures various games. For March, 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 conversion costs are allocated under backflush costing.

Conversion costs  March$440,000
Direct materials purchased  March$1,130,000
Units produced  March67,800
Units sold  March42,800

Which of the journal entries properly records conversion costs?
A) Conversion Costs440,000
Various Accounts (such as wages payable)440,000
B) Various Accounts (such as wages payable)440,000
Conversion Costs440,000
C) Conversion Costs440,000
Inventory: Direct Materials440,000
D) Inventory: Direct Materials440,000
Conversion Costs440,000
Textbook 
Cost Accounting: A Managerial Emphasis

Cost Accounting: A Managerial Emphasis


Edition: 16th
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DanivaldaDanivalda
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5 years ago
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Miche Author
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#2
5 years ago
found this very helpful thank you
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