Vision Company manufactures digital cameras. For May, there were no beginning inventories of direct materials and no beginning or ending

workin

process.

Conversion costs is the only indirect manufacturing cost category currently used. Journal entries are recorded when materials are purchased and when units are sold.

Conversion costs May	$109,625
Direct materials purchased May	$255,575
Units produced May	87,500 units
Units sold May	77,500 units
Selling price	$28 each

Which of the following journal entries would be recorded when units are sold for the month under backflush costing? Please round intermediate calculations to two decimal places (i.e., unit costs)

Question content area bottom

Part 1

A.

Cost of Goods Sold	$323,175
Inventory: Raw and InProcess		$323,175

B.

Cost of Goods Sold	$323,175
Inventory Control		$226,300
Conversion Costs Allocated		$96,875

C.

Inventory Control	$226,300
Conversion Costs Allocated	$96,875
Cost of Goods Sold		$323,175

D.

Cost of Goods Sold	$352,450
Inventory: Raw and InProcess		$255,575
Conversion Costs Allocated		$96,875