Answer the following question(s)using the information below:
Complete Microfilm Products manufactures microfilm cameras.For October there were no beginning inventories of direct materials, and no beginning or ending work-in-process.Only one indirect manufacturing cost category is currently in use, "Conversion Costs." Journal entries are recorded when materials are purchased and when units are sold using backflush costing.
-Which of the following journal entries would be recorded for the units that are sold by Complete Microfilm Products in October?

Question

Answer the following question(s)using the information below:
Complete Microfilm Products manufactures microfilm cameras.For October there were no beginning inventories of direct materials, and no beginning or ending work-in-process.Only one indirect manufacturing cost category is currently in use, "Conversion Costs." Journal entries are recorded when materials are purchased and when units are sold using backflush costing. 
-Which of the following journal entries would be recorded for the units that are sold by Complete Microfilm Products in October?

Quizplus · Accepted Answer

Journal entry B represents the sale of completed units using backflush costing, which only records journal entries for direct materials and conversion costs at the time of sale. The other journal entries involve either the purchase of materials or the accumulation of indirect costs, which are not relevant to the sale of finished goods.

Answer the Following Question(s)using the Information Below