Professional Documents
Culture Documents
Traditional
Purchased raw materials on account for $160,000
160000
Traditional
Placed all materials received into production.
25000
Traditional
Incurred actual overhead costs of $225,000.
25000 225000
Traditional
Applied Conversion Costs of $235,000
235000
Traditional
Completed all work for the month.
235000
Traditional
Sold all the completed work.
COGS 395,000
Finished Goods 395,000
Materials Inventory Work in Process Finished Goods Overhead Control
235000
Traditional
Computed the difference between actual and applied costs.
COGS 15,000
Overhead Control 15,000
Materials Inventory Work in Process Finished Goods Overhead Control
235000 15000
Backflush Costing
(purchase raw materials and
completion of goods)
RIP Inventory Finished Goods
Backflush Costing
(purchase raw materials and completion of goods)
Purchased raw materials on account for $160,000
160000
Backflush Costing
(purchase raw materials and completion of goods)
Placed all materials received into production.
No entry
Backflush Costing
(purchase raw materials and completion of goods)
Incurred actual direct labor costs of $25,000
160000
250000
Backflush Costing
(purchase raw materials and completion of goods)
Applied Conversion Costs of $235,000
No entry
Backflush Costing
(purchase raw materials and completion of goods)
Completed all work for the month.
160000 160000
COGS 395,000
Finished Goods 395,000
RIP Inventory Finished Goods Conversion Cost Control
160000 160000
COGS 15,000
Conv. Cost Control 15,000
RIP Inventory Finished Goods Conversion Cost Control
160000 160000
15000
Backflush Costing
(purchase raw materials and
sale of goods)
RIP Inventory
Backflush Costing
(purchase raw materials and sale of goods)
Purchased raw materials on account for $160,000
160000
Backflush Costing
(purchase raw materials and sale of goods)
Placed all materials received into production.
No entry
Backflush Costing
(purchase raw materials and sale of goods)
Incurred actual direct labor costs of $25,000
160000
250000
Backflush Costing
(purchase raw materials and sale of goods)
Applied Conversion Costs of $235,000
No entry
Backflush Costing
(purchase raw materials and sale of goods)
Completed all work for the month.
No entry
Backflush Costing
(purchase raw materials and sale of goods)
Sold all the completed work.
COGS 395,000
RIP Inventory 160,000
Conv. Cost Control 235,000
RIP Inventory Conversion Cost Control
160000 160000
250000 235000
Backflush Costing
(purchase raw materials and sale of goods)
Computed the difference between actual and applied costs.
COGS 15,000
Conv. Cost Control 15,000
RIP Inventory Conversion Cost Control
160000 160000
250000 235000
15000
Backflush Costing
(completion of goods)
Finished Goods
Backflush Costing
(completion of goods)
Purchased raw materials on account for $160,000
No entry
Backflush Costing
(completion of goods)
Placed all materials received into production.
No entry
Backflush Costing
(completion of goods)
Incurred actual direct labor costs of $25,000
250000
Backflush Costing
(completion of goods)
Applied Conversion Costs of $235,000
No entry
Backflush Costing
(completion of goods)
Completed all work for the month.
COGS 395,000
Finished Goods 395000
Finished Goods Conversion Cost Control
COGS 15,000
Conv. Cost Control 15,000
Finished Goods Conversion Cost Control
No entry
Backflush Costing
(sale of goods)
Placed all materials received into production.
No entry
Backflush Costing
(sale of goods)
Incurred actual direct labor costs of $25,000
250000
Backflush Costing
(sale of goods)
Applied Conversion Costs of $235,000
No entry
Backflush Costing
(sale of goods)
Completed all work for the month.
No entry
Backflush Costing
(sale of goods)
Sold all the completed work.
COGS 395,000
Accts. Payable 160,000
Conv. Cost Control 235,000
Conversion Cost Control
250000 235000
Backflush Costing
(sale of goods)
Computed the difference between actual and applied costs.
COGS 15,000
Conv. Cost Control 15,000
Conversion Cost Control
250000 235000
15000