Answer the Following Question(s)using the Information Below

question 155

Multiple Choice

Answer the following question(s) using the information below.Walton Industries uses backflush costing.For March, there were no beginning inventories of direct materials and no beginning or ending work-in-process.Conversion costs is the only indirect manufacturing cost category currently used.Journal entries are recorded when actual costs are incurred, at completion of finished goods, and at sale of finished goods, under backflush costing.
-Which of the journal entries properly records the finished goods trigger point at Walton Industries?

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Definitions:

Ischemia

Restriction of blood flow to tissue or organs; often used with reference to the heart.

Embolism

The sudden blockage of a blood vessel by an embolus, typically a blood clot, leading to potentially life-threatening conditions.

Myocardial Infarctions

A medical term used for a heart attack, which occurs when blood flow to a part of the heart is blocked for a long enough time that part of the heart muscle is damaged or dies.

Heart Attacks

A medical emergency where the blood flow to the heart is suddenly blocked, usually by a blood clot, leading to the damage of heart muscle.