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a. $75,100 in raw materials were purchased for cash. b. $72.300 in raw materials were used in production. Of this amount. $66,100 was for direct
a. $75,100 in raw materials were purchased for cash. b. $72.300 in raw materials were used in production. Of this amount. $66,100 was for direct materials and the remainder was for indirect materials. c. Total labor wages of $150.400 were incurred and paid. Of this amount, $134.100 was for direct labor and the remainder was for indirect labor. d. Additional manufacturing overhead costs of $126,200 were incurred and paid. e. Manufacturing overhead of $119.700 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: 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. Manufacturing Overhead Cost of Goods Sold Beg. Bal. Beg. Bal. End. Bal. End. Bal Required 1 Required 2 Determine the adjusted cost of goods sold for the period. Adjusted cost of goods sold
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