2. Compute the maintenai 3. Explain why the JIT maintenance cost per unit IS I Potter Company has installed a JIT purchasing and manufacturing system and is usin flush accounting for its cost flows. It currently uses a two-trigger approach with the ing tur shi tra be Exercise 11.15 Backflush versus Traditional Costing: Variation 1 materials as the first trigger point and the completion of goods as the second trigger poiat During the month of June, Potter had the following transactions: $243,000 Raw materials purchased Direct labor cost Overhead cost Conversion cost applied 40,500 202,500 263,250* 2. $40,500 labor plus $222,750 overhead There were no beginning or ending inventories. All goods produced were cent markup. Any variance is closed to Cost of Goods Sold. (Variances are recog sold with a 60 pe 3. ni Required: Prepare the journal entries that would have been made using at approach for cost flows. 1. Ex 2. Prepare the journal entries for the month using backflush costing. b