5 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. 2 points a. $75,700 in raw materials were purchased for cash. eBook b. $71,900 in raw materials were used in production. Of this amount, $67,000 was for direct materials and the remainder was for indirect materials. c. Total labor wages of $150,800 were incurred and paid. Of this amount, $134,900 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 $119,500 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. Hint g. All of the completed jobs were shipped to customers. References 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. Check my work 88 Post the above transactions to 1 accosmet Cash 2 Debit points Beginning balance eBook Ending balance Hint Credit 0 a. C. d. Beginning balance Ending balance Raw Materials Debit Credit Work in Process Finished Goods Debit Credit Debit Credit References Beginning balance Beginning balance Ending balance Ending balance Manufacturing Overhead Cost of Goods Sold Debit Credit Debit Credit Beginning balance Beginning balance Ending balance Ending balance 5 a. $75,700 in raw materials were purchased for cash. 2 points eBook Hint References b. $71,900 in raw materials were used in production. Of this amount, $67,000 was for direct materials and the remainder was for indirect materials. c. Total labor wages of $150,800 were incurred and paid. Of this amount, $134,900 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 $119,500 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. 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 Determine the adjusted cost of goods sold for the period. Adjusted cost of goods sold < Required 1 Required 2 >