Answer the Following Questions Using the Information Below:
Vision Company

question 20

Multiple Choice

Answer the following questions using the information below:
Vision Company manufactures digital cameras. For May, 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 units are sold.
$\begin{array}{lr}\text { Conversion costs - May } & \$ 100,625 \\\text { Direct materials purchased - May } & \$ 253,575 \\\text { Units produced - May } & 80,500 \text { units } \\\text { Units sold - May } & 77,500 \text { units } \\\text { Selling price } & \$ 20 \text { each }\end{array}$
-Which of the following journal entries would be recorded when units are sold for the month under backflush costing? ?

• A)\(\begin{array} { l }
• \text {Cost of Goods Sold }&\$341,000 \\
• \text { Inventory: Raw and In-Process}&\$341,000 \\
• \end{array}\)
• B)\(\begin{array} { l }
• \text {Cost of Goods Sold }&\$341,000 \\
• \text { Inventory Control }&\$244,125 \\
• \text {Conversion Costs Allocated }&\$96,875 \\
• \end{array}\)
• C)\(\begin{array} { l }
• \text {Inventory Inventory Control }&\$244,125 \\
• \text { Conversion Costs Allocated }&\$96,875 \\
• \text {Cost of Goods Sold }&\$341,000 \\
• \end{array}\)
• D)\(\begin{array} { l }
• \text { Cost of Goods Sold}&\$ 354,200\\
• \text {Inventory: Raw and In-Process }&\$253,575\\
• \text {Conversion Costs Allocated }&\$96,875 \\
• \end{array}\)

---

Definitions:

Hip-hop Music

Hip-hop music is a genre characterized by rhythmic and rhyming speech often accompanied by turntablism, beatboxing, and production styles influenced by funk, soul, and R&B.

Sociological View

The sociological view is an approach to understanding human behavior and society through the lens of sociological theories and concepts, emphasizing the impact of social structures and interactions.

Postmodernism

An intellectual stance or mode of discourse defined by skepticism toward grand narratives and ideologies, emphasizing the role of power relations, social constructs, and cultural contexts.

Cultural Survival Kit

The essential knowledge, beliefs, and practices that help a culture to maintain and reproduce itself in a changing environment.