=+17-31 KK Backflush costing and JIT production OBJECTIVE 6 Radon Ltd manufactures electrical meters. For March, there were no beginning inventories of work in process. Radon uses a JIT production system and backflush costing with three trigger points for making entries in the accounting system:

◗ purchase of direct materials—debited to Inventory: Materials and in-process control

◗ completion of good finished units of product—debited to Finished goods control

◗ sale of finished goods.

Radon’s March standard cost per meter is direct materials, $17, and conversion cost, $21. The following data apply to March manufacturing:

Direct materials purchased 196 000 Units manufactured 11 500 Conversion costs incurred 242 000 Units sold 11 250 Required 1 Prepare summary journal entries for March (without disposing of under- or overallocated conversion costs).