his Question: 1 pt 6 of 20 (0 complete) This Test: 20 pts possible Wheel and Sprocket Company uses a backflush-costing system to account for bloycles. Bicycles are scheduled for production only after orders are received and products are shipped to customers immediately upon completion. No Finished Goods Inventory is maintained and product costs are applied directly to Cost of Goods Sold. The standard cost for materials is $150 per bicycle. The standard cost for conversion costs is $75 per bicycle. During the current month, Wheel and Sprocket Company purchased $6,000 of direct materials and incurred $3,000 in conversion costs to produce 40 bicyales. The pumal entry for the incurrence of conversion costs includes a Debit to O A. Finished Goods Inventory for $3,000 OB, Work-h-Process Inventory for $3,000 O C. Cost of Goods Sold for $3,000 O D. Conversion Costs for $3,000