Backflush, two trigger points, completion of production and sale (continuation of 2032). Assume the same...
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Backflush, two trigger points, completion of production and sale (continuation of 2032). Assume the same facts as in Problem 2033 except now there are only two trigger points: Completion of good finished units of product and Sale of finished goods. 1. Prepare summary journal entries for August, including the disposition of under or overallocated conversion costs. Assume no direct materials variances. 2. Post the entries in requirement 1 to Taccounts for Finished Goods Control, Conversion Costs Control, Conversion Costs Allocated, and Cost of Goods Sold.
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