Fifth edition Alnoor Bhimani Charles T. Horngren Srikant M. Datar Madhav V. Rajan Farah Ahamed

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solutions-manual-to-bhimani-et-al-management-and-cost-accounting-pearson-2012-1

Solutions to exercises
21.12 Backflush, second trigger is sale.
(20 min)
1
Journal entries for August areas follows Entry (a) Inventory control
550,000
Accounts payable control
550,000 raw materials and components purchased) Entry (b) Conversion costs control
440,000
Various accounts (such as Accounts payable control and Wages payable)
440,000 conversion costs incurred) Entry (d) Cost of goods sold
900,000
Inventory control
500,000
Conversion costs allocated
400,000 standard costs of 20,000 units sold at €45 per unit direct materials €25 per unit conversion costs,
€20 per unit)

Bhimani, Horngren, Datar and Rajan, Management and Cost Accounting, 5
th
Edition, Instructor’s Manual
© Pearson Education Limited 2012 Entry (e) Conversion costs allocated
400,000 Cost of goods sold
40,000
Conversion costs control
440,000

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