Backflush, two trigger points, completion of production and sale (continuation of 20-31). Assume the same facts as in Problem 20-31 except now there are only two trigger points: the completion of good finished units of product and the sale of finished goods. REQUIRED 1. Prepare summary journal entries for August, including the disposition of under- or overallo- cated 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.

LO1