Answer the Following Questions Using the Information Below:
Games R

question 2

Multiple Choice

Answer the following questions using the information below:
Games R Us manufactures various games. 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 materials are purchased and when conversion costs are allocated under backflush costing.
$\begin{array}{lr}\text { Conversion costs - March } & \$ 400,000 \\\text { Direct materials purchased - March } & \$ 1,070,000 \\\text { Units produced - March } & 58,800 \\\text { Units sold - March } & 41,800\end{array}$
-Which of the following journal entries properly records the purchase of direct materials?

• A)\(\begin{array} { l }
• \text {Accounts Payable Control }&\$1,070,000 \\
• \text { Inventory: Raw and In-Process Control}&\$1,070,000 \\
• \end{array}\)
• B)\(\begin{array} { l }
• \text {Inventory: Raw and In-Process Control }&\$1,070,000 \\
• \text {Accounts Pavable Control}&\$ 1,070,000\\
• \end{array}\)
• C)\(\begin{array} { l }
• \text {Inventory: Raw and In-Process Control }&\$1,070,000 \\
• \text {Conversion Costs }&\$1,070,000 \\
• \end{array}\)
• D)\(\begin{array} { l }
• \text { Conversion Costs}&\$1,070,000 \\
• \text { Inventory: Raw and In-Process Control}&\$1,070,000 \\
• \end{array}\)

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Definitions:

Marketing Plan

A comprehensive document or blueprint that outlines advertising and marketing efforts for the coming year; it encompasses strategies, costs, and action steps.

SWOT Analysis

A strategic planning tool that assesses Strengths, Weaknesses, Opportunities, and Threats to an organization, used to formulate strategies.

Market Segmentation

The act of segmenting a target market into smaller, more specific groups of consumers who possess similar traits and requirements.

Strategic Marketing Process

The strategic marketing process involves planning, implementing, and evaluating marketing strategies to achieve business goals and meet consumer needs efficiently.