39.37 Sok ences Exercise 3-2 (Static) Prepare T-Accounts [LO3-2, LO3-4] 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. $94,000 in raw materials were purchased for cash. b. $89,000 in raw materials were used in production. Of this amount, $78,000 was for direct materials and the remainder was for Indirect materials c. Total labor wages of $132,000 were incurred and paid. Of this amount, $112,000 was for direct labor and the remainder was for Indirect labor d. Additional manufacturing overhead costs of $143,000 were incurred and paid. e. Manufacturing overhead of $152.000 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. g 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 Post the above transactions to T-accounts. Cash Debit Beginning balance Raw Materials Credit Debit Credit Beginning balance < Prev 14 of 20. Next >