Refer to Exercise 11.15. Required: 1. Prepare the journal entries for the month of May using backush

Refer to Exercise 11.15.
Required:
1. Prepare the journal entries for the month of May using backflush costing, assuming that
Potter uses the completion of goods as the only trigger point.
2. Prepare the journal entries for the month of May using backflush costing, assuming that
Potter uses the sale of goods as the only trigger point.

Exercise 11.15

Transcribed Image Text:

Raw materials purchased Direct labor cost $243,000 40,500 202,500 263,250* Overhead cost Conversion cost applied