Question
2 Jurvin Enterprises is a manufacturing company that had no beginning inventories. A subset of the transactions that it recorded during a recent month
2 Jurvin Enterprises is a manufacturing company that had no beginning inventories. A subset of the transactions that it recorded during a recent month is shown below. a. $75,700 in raw materials were purchased for cash. S ipped b. $72,200 in raw materials were used in production. Of this amount, $65,800 was for direct materials and the remainder was for indirect materials. c. Total labor wages of $152,900 were incurred and paid. Of this amount. $133,000 was for direct labor and the remainder was for indirect labor d. Additional manufacturing overhead costs of $126,300 were incurred and paid. e. Manufacturing overhead of $128,600 was applied to production using the company's predetermined overhead rate. f. All of the jobs in process at the end of the month were completed. Book g. Hint Print 0 ferences: All of the completed jobs were shipped to customers. h. Any underapplied or overapplied overhead for the period was closed to Cost of Goods Sold. Required: 1. Post the above transactions to T-accounts. 2. Determine the adjusted cost of goods sold for the period. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the adjusted cost of goods sold for the period. Adjusted coat of goods sold 2 Post the above transactions to T-accounts. points Skipped Debit Beginning Balance eBook Ending Balance Hint Print Cash Raw Materials Credit Debit Credit Beginning Balance Ending Balance Work in Process Finished Goods Debit Credit Debit Credit Beginning Balance Beginning Balance References Ending Balance Mc Debit Beginning Balance Ending Balance Manufacturing Overhead Ending Balance Cost of Goods Sold Credit Debit Credit Beginning Balance Ending Balance Help Save & Exi Check 2 Post the above transactions to T-accounts. 10 points Debit Beginning Balance Skipped eBook Ending Balance Cash Saved Raw Materials Credit Debit Credit Beginning Balance Ending Balance Work in Process Finished Goods Hint Debit Credit Debit Credit Beginning Balance Beginning Balance Print References Ending Balance Debit Beginning Balance Ending Balance Manufacturing Overhead Ending Balance Cost of Goods Sold Credit Debit Credit Beginning Balance Ending Balance Help Save & Exit Check my
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