Blaster began operations in June 20XX. Blaster manufactures vehicle seat covers using a just-in-time

Blaster began operations in June 20XX. Blaster manufactures vehicle seat covers using a just-in-time production system supported by a backflush costing system. This system has two trigger points: (1) the purchase of raw materials, and (2) the sale of finished good units. Standard unit costs are $40 for raw materials and $25 for conversion costs. Blaster writes off any underallocated or overallocated conversion costs immediately. The following data were available for June 20XX.Production of good units19,800Sales of good units19,750Purchases of raw materials [20,000 units at $40]$800,000Conversion costs incurred$496,000The June cost of goods sold is

 

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