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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
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. 0.55 points 80136 a. $75,300 in raw materials were purchased for cash D. $72,500 in raw materials were used in production of this amount, $66,300 was for direct materials and the remainder was for Indirect materiais c. Total tabor wages of $152,000 were incurred and paid. Or this amount. $134,900 was for direct lobor and the remainder was for indirect labor d. Additional manufacturing overhead costs of $126,700 were incurred and paid e Manufacturing overhead of $124,000 was applied to production using the company's predetermined overhead rate, 1. All of the jobs in process at the end of the month were completed 9. 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. eBool Hind 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 Post the above transactions to T-accounts. Cash Raw Materials Credit Debit Beginning Balance Credit Debit Beginning Balance Ending Balance Ending Balance Work in Process Finished Goods Credit Debit Beginning Balance Credit Debit Beginning Balance Ending Balance Ending Balance Cost of Goods Sold Manufacturing Overhead Debit Beginning Balance Credit Credit Credit Debit Beginning Balance Ending Balance Ending Balance Required Required 2 > Required 1 Required 2 Determine the adjusted cost of goods sold for the period. Adjusted cost of goods sold
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