Prepare summary journal entries for

MarchMarch

20202020

and post the entries to applicable T-accounts for both methods the current sequential tracking and the backflush costing that senior management of

Outdoor CompanyOutdoorCompany

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 CompanyOutdoorCompany's

senior management to stop the overproduction at

CompactCompact?