D CO COCO mble Road Wa More Info Road Warrior Corporation assembles handheld computers that have scaled down capable of lag Goreema There are no beginning inventories of materials or finished goods The following Definition Componot good finished units of product Sale of finished goods ding the disposition of under or overalocated 2. Post the entries in requirement to T-accounts for Finished Goods Control, Conversion Costs co Wanations are not Requirement 1. Prepare summary journal entries for August including the disposition of ander on Begin with the purchase of direct materials (if no entry is required, Select "No entry required in the Journal Entry Accounts Debit CE JE 1 No entry required Conversion Costs Allocated Cost of Goods Sold Conversion Costs Control Direct manals purchased $ 2,942,000 Direct materials used $ 2,000,000 Conversion costs incurred 5 720.300 Conversion costs allocated $ 775 000 Road Wamor records direct materials purchased and conversion costs incurred at actual costs When finished goods are sold, the backflush costing System "pulls through the standard direct materia cost ($104 per unit) and standard conversion cost ($31 per unit) Road Warrior produced 25,000 finished units in August 2018 and sold 24 SC units The actual direct material cost per int in August 2018 was $104and the actual conversion cost per unit was $29. The Inventory Control account wil include direct materials purchased but not yet in production materials work in process, and materials in finished goods but not sold No conversion costs are inventored Any under overallocated conversion costs are written off monthly to Cost of Goods Sold