Backflush, two trigger points, production completion and sale (continuation of INVENT jusunTim^and 21-31). Assume the same facts as in Problem 20-31 except now there are trigger points at the completion of good finished units of product (which are debited to Finished Goods Control at standard costs) and at the sale offinished goods. Any underallocated or overallocated conversion costs are written offmonthly to Cost of Goods Sold.
Required 1. Prepare summary journal entries for June, 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 applicable Inventory Control, Conversion Costs Control, Conversion Costs Allocated, and Cost of Goods Sold. Explain the composition of the ending balance of Inventory Control.
3. If you did Problem 20-31, compare and explain any differences between the results here and those in Problem 20-31.