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a. $76,100 in raw materials were purchased for cash. b. $71,900 in raw materials were used in production of this amount, $65,500 was for direct

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a. $76,100 in raw materials were purchased for cash. b. $71,900 in raw materials were used in production of this amount, $65,500 was for direct materials and the remainder was for indirect materials. c. Total labor wages of $152,700 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 $126,900 were incurred and paid. e Manufacturing overhead of $124 100 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. Required: 1. Post the above transactions to T-accounts. 2. Determine the adjusted cost of goods sold for the period. 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 Bog. Bal. End. Bal End. Bal. Hint Complete this question by entering your answers in the ta Print erences Required 1 Required 2 Determine the adjusted cost of goods sold for the period. Adjusted cost of goods sold

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