Good Drink Company uses the lean production method for its goods which cycle time takes a half day. The following summarizes its transactions for the month of September: 1. Raw materials received from suppliers, $150,000 2. Conversion costs incurred $225,000 3. Total goods to be produced from the 75,000 liters of materials ordered and received should be 15,000 bottles of 1.5-liter chemicals. 4. Total bottles completed 14,750 of which 14,400 were delivered @ $30 per bottle. Use back flush costing, compute for cost of goods sold and gross profit. Prepare journal entries. What amount of materials were back flushed to finished goods and to cost of goods sold?