Walton Industries uses backflush costing. For March, there were no beginning inventories of direct materials and no beginning or ending work-in-process. Conversion costs is the only indirect manufacturing cost category currently used. Journal entries are recorded when actual costs are incurred, at completion of finished goods, and at sale of finished goods, under backflush costing. Conversion costs-March $800,000 Direct materials purchased-March $2,140,000 Units produced-March 117,600 Units sold-March 83,600 Which of the journal entries properly records conversion costs at Walton Industries? Question 18 options: Conversion Costs Control 800,000 Various Accounts 800,000 Conversion Costs Allocated 800,000 Inventory: Raw and In-Process Control 800,000 Various Accounts 800,000 Conversion Costs 800,000 Inventory: Direct Materials 800,000 Conversion Costs 800,000 Conversion Costs Control 800,000 Inventory: Raw and In-Process Control 800,000