21.18 Backflush journal entries and JIT production. (15–20 min) 1 Journal entries for April areas follows Entry (a) Stock Raw and In-progress control 8,800,000 Accounts payable control 8,800,000 direct (raw) materials purchased) Entry (b) Conversion costs control 4,220,000 Various accounts (such as Accounts and Wages payable control)
4,000,000 standard costs of finished goods produced) Entry (d) Cost of goods sold 11,900,000 Finished goods control 11,900,000 standard costs of finished goods sold)
