Assume the same facts as in Exercise 21.11. Assume that the second trigger point for Papadopoulou is the sale - rather than the production - of finished units. Also, the Stock Control account is confined solely to direct materials, whether these materials are in a storeroom, in work in progress or in finished goods. No conversion costs are 'inventoried'. They are allocated at standard cost to the units sold. Any under- or overallocated conversion costs are written off monthly to Cost of Goods Sold.

Required

1. Prepare summary journal entries for August, including the disposition of under- or over allocated conversion costs. Assume no direct materials variances.

2. Post the entries in requirement 1 to the following T-accounts if applicable: Stock Control, Conversion Costs Control, Conversion Costs Allocated and Cost of Goods Sold.