Roller Sports Ltd. manufactures various skateboards. For March there were no beginning inventories of direct materials, and no beginning or ending work-in-process. Only one indirect manufacturing cost category is currently in use, "Conversion Costs." Journal entries are recorded when materials are purchased and when conversion costs are allocated under backflush costing. Following is financial information for March. Actual Conversion costs $300,000 Direct materials purchased $195,000 Units produced 9,900 Units sold 9,100 Which of the journal entries properly records the incurrence of conversion costs? Question 13 options: Conversion Costs 300,000 Inventory: Direct Materials 300,000 Inventory: Direct Materials 300,000 Conversion Costs 300,000 Cost of Goods Sold 300,000 Conversion Costs 300,000 Conversion Costs 300,000 Various accounts 300,000 Various accounts 300,000 Conversion Costs 300,000