Cornerstones of Cost Accounting 1st Edition by Don Hansen,Maryanne Mowen

تمرين 9

BACKFLUSH COSTING VERSUS TRADITIONAL: VARIATIONS 3 AND 4
Refer to Exercise 11-15.
Required:
1. Prepare the journal entries for the month of May using backflush costing, assuming that Milman uses the completion of goods as the only trigger point.
2. Prepare the journal entries for the month of May using backflush costing, assuming that Milman uses the sale of goods as the only trigger point.