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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 5 points a $75,200 in raw materials were purchased for cash 6. $72.700 in raw materials were used in production of this amount, $65.700 was for direct materials and the remainder was for c. Total tobor wages of $150.200 were incurred and paid of this amount. $123,400 was for direct labor and the remainder was for Indirect labor d. Additional manufacturing overhead costs of $125,700 were incurred and paid, e Manufacturing overhead of 5122,500 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 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 Required: 1. Post the above transactions to T-accounts. 2. Determine the adjusted cost of goods sold for the period. Required 1 Required 2 Post the above transactions to T-accounts. Cash Raw Materials Beg. bal Beg. bal End, bal. End, bal. Work In Process Finished Goods Beg bal Beg bal. End, bal End. bal. Cost of Goods Sold Manufacturing Overhead Beg bal Beg. bal. End, ball End, bal 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 cost of goods sold
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