A Firm That Has Implemented JIT Had the Following Transactions $\begin{array}{ll}\text { Materials and In Process Inventory } & 40,000 \\\quad \text { Accounts Payable } &\quad\quad\quad 40,000\end{array}$

A firm that has implemented JIT had the following transactions:
1. Materals were purchased an account for $40,000
2. Materials were placed inta production.
3. Actual direct labour costs were $6,000.
4. Actual averhead costs were $40,000.
5. Conversion costs applied were $42,000.
6. All work was completed for the month.
7. All completed work was sald.
8. The variance is recoprized.
-Refer to the figure.What will be the entry to record material purchases using the backflush approach?

A) $\begin{array}{ll}\text { Materials and In Process Inventory } & 40,000 \\\quad \text { Accounts Payable } &\quad\quad\quad 40,000\end{array}$
B) $\begin{array}{llr} \text { Materials Inventory } &40,000\\ \text { Accounts Payable } &&40,000\\\end{array}$

C) $\begin{array}{llr} \text { Accounts Payable } &40,000\\ \text { Materials and In Process Inventory } &&40,000\\\end{array}$

D) $\begin{array}{llr} \text { Accounts Payable } &40,000\\ \text { Materials Inventory} &&40,000\\\end{array}$