The following data apply to questions 68. Sit-On-It began operations in January 2008. Sit-On-It manufactures vehicular seat covers using a just-in-time production system supported by a backflush costing system. This system has two trigger points: (1) the purchase of raw materials, and (2) the sale of finished good units. Standard unit costs are $40 for raw materials and $25 for conversion costs. Sit-On-It writes off any underallocated or overallocated conversion costs immediately. The following data were available for January 2008: Production in good units19,800 Sales of good units19,750 Purchases of raw materials [20,000 units at $40] $800,000 Conversion costs incurred $496,000 6.The journal entry to record the manufacture of finished goods units is a.Finished goods control1,287,000 Inventory: Raw and in-process control792,000 Conversion costs allocated495,000 b.Finished goods control1,287,000 Conversion cost variance 1,000 Inventory: Raw and in-process control792,000 Conversion costs control496,000 c.Inventory: Raw and in-process control 800,000 Conversion costs allocated 495,000 Conversion cost variance 1,000 Various assets and liabilities 1,296,000 d.No entry. 7.The January ending total for all inventory balances is a.$16,250. b.$12,250. c.$11,250. d.$10,000. 8.The January cost of goods sold is a.$1,283,750. b.$1,284,750. c.$1,286,000. d. $1,296,000