Question: Backflush, two trigger points, completion of production and sale (continuation of 20-33). Assume the same facts as in Problem 20-33 except now there are only

Backflush, two trigger points, completion of production and sale (continuation of 20-33). Assume the same facts as in Problem 20-33 except now there are only two trigger points: the completion of good finished units of product and the 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 T-accounts for Finished Goods Control, Conversion Costs Control, Conversion Costs Allocated, and Cost of Goods Sold.

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