please help do all the requirements

1. Prepare summary journal entries for March 2020 and post the entries to applicable T-accounts for both methods the current sequential tracking and the backflush costing that senior management of Outdoor Company is considering.
2. Refer to your answer in requirement 1. How is operating income going to differ under backflush costing compared to the current sequential tracking?
3. Do you think that switching to the backflush costing system is going to accomplish the goal of Outdoor Company's senior management to stop the overproduction at Grand?

Grand, a unit of Outdoor Company, manufactures a line of electric, cordless, lawn mowers. Senicr management of Outdoor Company has noticed that Grand has boen producing mere lawn mowert than it has been selling, and that the units inventory has been stoadly increasing. (Click the icon to viow additional information.) The following data are for Grand for March 2020: (Cick the icon to view tho March data.) Read the requiremegits. Requirement 1. Prepare summary joumal entries for March 2020 and post the entries to applicable T-accounts for both methods the current soquertial tracking and the backifsh costing that senor management of Outdoor Company is considering. (Record debits frrst, then credts Exctudo explinations from ary joumal eotres.) Begin by recording the entries Ouldoor Company would use for the current sequential trachine, starting with the purchase of drect materias a unt of Outdoor Company, manufactures a line of electric, cordless, lawn mowers. Senior management of Outdoor Company has noticed the has been selling, and that the unit's inventory has been steadily increasing. lilick the icon to view additional information.) data are for Grand for March 2020: lick the icon to view the March data.) More info Senior management of Outdoor Company suspects that the bonus plan in place for the head of Grand is behind this practice. Senior management of Outdoor Company is contemplating to switch from the current sequential tracking to a backflush costing system in order to stop the overproduction at Grand. Specifically, senior management of Outdoor Company is considering a backllush costing system with the following two trigger points: - Purchase of direct materials - Sale of finished goods Each mower takes 2 hours to assemble. There are no beginning inventories of materials or finished goods and no beginning or ending work-in-process inventories. been selling, and that the unit's inventory has been steadily increasing. the icon to view additional information.) ig data are for Grand for March 2020: he icon to view the March data.) Data table Direct materials purchased $2,836,000 Conversion costs incurred $721,500 Direct materials used $2,725,000 Conversion costs allocated $575,000 Grand records direct materials purchased and conversion costs incurred at actual costs. It has no direct materials variances. When finished goods are sold, the backllush costing system "pulls through" standard direct materials cost (\$109 per unit) and standard conversion cost (\$23 per unit). Grand produced 25,000 finished units in March 2020 and sold 21,300 units. The actual direct materials cost per unit in March 2020 was $109, and the actual conversion cost per unit was $21. Any under- or overallocated conversion costs are written off monthly to Cost of Goods Sold. Requirements 1. Prepare summary journal entries for March 2020 and post the entries to applicable T-accounts for both methods the current sequential tracking and the backflush costing that senior management of Outdoor Company is considering. 2. Refer to your answer in requirement 1. How is operating income going to differ under backflush costing compared to the current sequential tracking? 3. Do you think that switching to the backflush costing system is going to accomplish the goal of Outdoor Company's senior management to stop the overproduction at Grand