Backflush costing, two trigger points, completion of production and sale (continuation ©

of 20-24). Assume the same facts as in Exercise 20-24, except now Road Warrior uses only |. conversion Costs two trigger points, the completion of good finished units of product and the sale of finished Allocated DR., $750,400 goods. Any under- or overallocated conversion costs are written off monthly to Cost of Goods Sold.

REQUIRED 1. Prepare summary journal entries for August, including the disposition of under- or overallocated conversion costs.

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.

LO1