Satellite Access Corporation Manufactures Set-Top Boxes for High Definition TVs

Satellite Access Corporation manufactures set-top boxes for high definition TVs.All processing is initiated when an order is received.For March there were no beginning inventories.Conversion Costs and Direct Materials are the only manufacturing cost accounts.Direct Materials are purchased under a just-in-time system.Backflush costing is used with a finished goods trigger point.Additional information is as follows:
$$\begin{array} { | l | l | } \hline \text { Actual conversion costs } & \$ 870000 \\\hline \text { Standard materials costs per unit } & \$ 115 \\\hline \text { Standard conversion cost per unit } & \$ 85 \\\hline \text { Units produced } & 11850 \\\hline \text { Units sold } & 11200 \\\hline\end{array}$$
Required:
Record all journal entries for the monthly activities related to the above transactions if backflush costing is used.
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