Maurice Tutor

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Category > Management Posted 15 Feb 2018 My Price 4.00

Ohir Company

Backflush Costing

Se7. For work done during August, Ohir Company incurred direct materials costs of

$120,000 and conversion costs of $260,000. The company employs a JIT operating philosophy and backflush costing. At the end of August, the Work in Process Inven- tory account had been assigned $900 of costs, and the ending balance of the Finished Goods Inventory account was $1,300. There were no beginning inventory balances. How much was charged to the Cost of Goods Sold account during August? What was the ending balance of that account?

 

Answers

Maurice Tutor
(5)
Status NEW Posted 15 Feb 2018 11:02 PM My Price 4.00

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