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12 Jurvin Enterprises is a manufacturing company that had no beginning invertones. A subset of the transactions that it recorded during a recent month is
12 Jurvin Enterprises is a manufacturing company that had no beginning invertones. A subset of the transactions that it recorded during a recent month is shown below a. 575,400 in raw materials were purchased for cash b. $72300 in raw materials were used in production. Of this amount $65,100 was for direct materials and the remunder was for indirect materials Total labor wages of $151300 were incumed and paid Of this amount, $133,900 was for direct labor and the remainder was for Indirect labor a. Additional manufacturing overhead costs of $125,000 were incurred and paid. e Manufacturing overhead of $126,800 was applied to production using the company's predetermined overhead rate All of the jobs in process at the end of the month were completed All of the completed jobs were shipped to customers Any underapplied or everappled overhead for the period was closed to Cost of Goods Sold Required: 1. Post the above transactions to Taccounts 2. Determine the adjusted cost of goods sold for the period Complete this question by entering your answers in the tabs below Cash T Cride 15,400 De Crull Work P 125.600 1521 THM. 1300 CHA B P Requ Past the above transactions to Taccounts Canly Raw Materials Dalit of Crui 15.400 Debit 151,100 Credi 72.130 75.40 125400 Beglong balance Ending balance 352.150 Ending balance Wke Process Creck 325.000 5,100 133900 Delat Mandaring Overt Ce Confor Ondt 2000] 25.700 2 Exercise 3-2 (Algo) Prepare T-Accounts (LO3-2, LO3-4] 12 book 10 Junan Enterprises is a manufacturing company that had no beginning inventones A subset of the transactions that it recorded during a recent month is shown below $75,400 in raw materials were purchased for cash b. $72.300 in raw materials were used in production Of this amount $65.300 was for direct materials and the remainder wes for indirect materials c Total labor wages of $151,300 were incuned and paid. Of thus amount, $133,900 was for direct labor and the rehander was for indirect labor d. Additional manufacturing overhead costs of $125,600 were incured and paid e Manufacturing overhead of $126.000 was applied to production using the company's predeterminest overhead rate All of the jobs in process at the end of the month were completed g All of the completed jobs were shipped) h. Any underappled or overappled overhead Required 1. Post the above transactions to accounts customers the period was closed to Cost of Goods S 2.Determine the adjusted cost of goods sold for the pend Complete this question by entering your answers in the tabs belo Red 2 Cred
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