Cyclone Electronics manufactures automobile radios. All processing is initiated when an order is received. For March there were no beginning inventories. Conversion Costs and Direct Materials are the only manufacturing cost accounts. Direct Materials are purchased under a just-in-time system. Backflush costing is used with a finished goods trigger point (i.e., one trigger point). Additional information for the month is as follows:
Required:
Record all journal entries for the monthly activities related to the above transactions if backflush costing is used.

Question

Cyclone Electronics manufactures automobile radios. All processing is initiated when an order is received. For March there were no beginning inventories. Conversion Costs and Direct Materials are the only manufacturing cost accounts. Direct Materials are purchased under a just-in-time system. Backflush costing is used with a finished goods trigger point (i.e., one trigger point). Additional information for the month is as follows:
  Required:
Record all journal entries for the monthly activities related to the above transactions if backflush costing is used.

Quizplus · Accepted Answer

The Answer of Cyclone Electronics manufactures automobile radios. All processing is initiated when an order is received. For March there were no beginning inventories. Conversion Costs and Direct Materials are the only manufacturing cost accounts. Direct Materials are purchased under a just-in-time system. Backflush costing is used with a finished goods trigger point (i.e., one trigger point). Additional information for the month is as follows:
  Required:
Record all journal entries for the monthly activities related to the above transactions if backflush costing is used.

Cyclone Electronics Manufactures Automobile Radios