A Firm That Has Implemented JIT Had the Following Transactions

A firm that has implemented JIT had the following transactions: 1. Materals were purchased an account for $60,000
2. Materials were placed inta production.
3. Actual direct labour costs were $14,000.
4. Actual averhead costs were $50,000.
5. Conversion costs applied were $54,000.
6. All work was completed for the month.
7. All completed work was sald.
8. The variance is recoprized.
A)Provide the journal entries for the above transactions assuming the traditional approach was used.
B)Provide the journal entries for a back flush system assuming the second trigger point is the point when goods are sold.