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99 Check my work 1 Jurvin Enterprises is a manufacturing company that had no beginning inventories. A subset of the transactions that it recorded during
99 Check my work 1 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. 20 points 02:55:12 a. $75,600 in raw materials were purchased for cash. b. $72,500 in raw materials were used in production. Of this amount, $65,400 was for direct materials and the remainder was for indirect materials. C. Total labor wages of $150,100 were incurred and paid. Of this amount, $133,400 was for direct labor and the remainder was for indirect labor. d. Additional manufacturing overhead costs of $125,300 were incurred and paid. e. Manufacturing overhead of $120,100 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. eBook Hint Ask Print References Required: 1. Post the above transactions to T-accounts. 2. Determine the adjusted cost of goods sold for the period. Check my work Post the above transactions to I-accounts 1 Cash Raw Materials Beg. Bal. Beg. Bal. 20 points 8 02:54:53 End. Bal. End. Bal. eBook Work In Process Finished Goods Hint Beg. Bal. Beg. Bal. Ask Print References End. Bal. End. Bal. Manufacturing Overhead Cost of Goods Sold Beg. Bal Beg. Bal. End. Bal End. Bal. Required Required 2 > 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
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