A firm uses backflush costing and values inventory using direct costing. All actual amounts are equal to budgeted amounts. (Note that some of the amounts below are on a per unit basis.)

DM per unit	$15
DL per unit	$5
VOH per unit	$6
FOH per unit	$4
Total completed and in process	20000 units
Units in finished goods	150
Units in process	100

The firm counts raw materials at the end of the period and finds that $1,000 of raw materials are still in the warehouse. Which of the following is part of the journal entry to backflushes costs to inventory accounts?

Group of answer choices

Debit: RIP $2,500

Debit: RIP $1,500

Debit: Conversion Costs $1,500

Debit: Conversion costs $2,500