Cornerstones of Cost Management 2nd Edition by Don Hansen ,Maryanne Mowen

Exercise 23

Backflush versus Traditional Costing: Variations 3 and 4
Refer to Exercise 11.15.
Required:
1. Prepare the journal entries for the month of May using backflush costing, assuming that Potter uses the completion of goods as the only trigger point.
2. Prepare the journal entries for the month of May using backflush costing, assuming that Potter uses the sale of goods as the only trigger point.