Prepare journal entries using backflush accounting. Assume two trigger points, with completion of goods as the second trigger point. Round amounts to the nearest dollar if rounding is required. For a compound transaction, if an amount box does not require an entry leave it blank. Prepare your entries in the following order: (a) purchase of raw materials, (b) incurrence of direct labor and overhead costs, (c) completion of goods, (d) sale of goods, and (e) recognition of the variance between applied and actual production costs. a. Raw Materials and In Process Inventory 1,607,000 Accounts Payable 1,607,000 b. Conversion Cost Control 2,088,880 Accounts Payable 1,828,600 Wages Payable 260,280 c. Finished Goods Inventory Raw Materials and In Process Inventory Conversion Cost Control d. Cost of Goods Sold Finished Goods Inventory e. Cost of Goods Sold Conversion Cost Control