Zippy Manufacturing Co
Zippy uses backflush costing to account for its manufacturing costs. The
trigger points for recording inventory transactions are the purchase of mate
rials, the completion of products, and the sale of completed products. The
following transactions occurred during the period:
a Purchased raw materials on account, $
b Requisitioned raw materials to production, $
c Distributed direct labor costs, $
d Incurred manufacturing overhead costs, $Use Various Credits
for the credit part of the entry.
e Cost of products completed, $
f Completed products sold for $ on account.
Required:
Prepare the necessary journal entries to record the above transactions.
