Question: Refer to Exercise 11-7. Required: 1. Prepare the journal entries for the month of August using backflush costing, assuming that Jackson uses the completion of

Refer to Exercise 11-7.

Required:
1. Prepare the journal entries for the month of August using backflush costing, assuming that Jackson uses the completion of goods as the only trigger point.
2. Prepare the journal entries for the month of August using backflush costing, assuming that Jackson uses the sale of goods as the only trigger point.

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