Answer the Following Question(s)using the Information Below

question 69

Multiple Choice

Answer the following question(s) using the information below:
Complete Microfilm Products manufactures microfilm cameras.For October there were no beginning inventories of direct materials,and no beginning or ending work-in-process.Only one indirect manufacturing cost category is currently in use,"Conversion Costs." Journal entries are recorded when materials are purchased and when units are sold using backflush costing.

-Which of the following entries would occur at Complete Microfilm Products if the only trigger point is the production of finished units?

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Definitions:

Arachnids

Eight-legged arthropods, such as spiders, scorpions, ticks, and mites.

True Coelom

A body cavity completely lined by mesoderm, found in most multicellular animals, facilitating the development of more complex structures.

Open Circulatory System

A type of circulatory system in which the blood bathes the tissues directly; characteristic of arthropods and many mollusks. Compare with closed circulatory system.

Arthropods

Invertebrate animals having an exoskeleton, a segmented body, and paired jointed appendages, including insects, arachnids, and crustaceans.