Problem: The Santa Rosa Company that manufactures baby dolls seeks to streamline itsCosting system. It will use a backflush costing system with three trigger system points.Purchase of Raw materialsCompletion of unitsSale of Finished GoodsThere are no beginning inventories. The following data pertains to April 2020:Raw Materials PurchasedP440,000425,000211,000200,000625,000595,000Raw Materials usedConversion costs incurredConversion costs appliedemrego Cost transferred to finished goodsCosts of Goods soldRequired:Prepare summary journal entries for April (without disposing of under-applied or over-applied conversion costs). Assume no direct materials variances.

Journal entry: Journal entry is a set of economic events which can be measured in monetary terms.…

he santa Rosa Company that manufactures baby dolls seeks to streamline ls oemg system. It will use a backflush costing system with three trigger system points. Purchase of Raw materials Completion of units Sale of Finished Goods There are no beginning inventories. The following data pertains to April 2020: Raw Materials Purchased Raw Materials used Conversion costs incurred Conversion costs applied Cost transferred to finished goods P440,000 425,000 211,000 200,000 625,000 595,000 Costs of Goods sold Required: Prepare summary journal entries for April (without disposing of under-applied or over- applied conversion costs). Assume no direct materials variances.