The lim company has a plant that manufacturers transistor radios. the production time is only a few minutes per unit. the company uses just in time production system and a

The lim company has a plant that manufacturers transistor radios. the production time is only a few minutes per unit. the company uses just in time production system and a backflush costing sytem with two trigger points for journal entries: purchases of direct (raw) materials completion of goods finished units of product There are no beginning inventories the following data pertain to April manufacturing: Direct material purchased 8.800 direct materials used 8,500 conversion cost incurred 4.220 Allocation of conversion costs 4,000 costs transferred to finished goods 12,500 Cost of goods sold 11,900 Required Under an ideal JIT production sytsem how would the amounts in your journal entries differ from those in requirement 1

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