Chapter 3 Homework Assignment 1 Exercise 3-2 (Algo) Prepare T-Accounts [LO3-2, LO3-4) 25 point 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. Sped book 10 0 $76,300 in raw materials were purchased for cash. b. $72.000 in raw materials were used in production. Of this amount, $66,500 was for direct materials and the remainder was for indirect materials c. Total labor wages of $150,000 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 $126,800 were incurred and paid. e Manufacturing overhead of $120.400 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. 9. 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 Print c 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 Post the wave actions to accounts Rewal End but End Comento Enda Required) Apps Google Home - Louisiana T... YouTube System Build - PC Chapter 3 Homework Assignment 1 Exercise 3-2 (Algo) Prepare T-Accounts (L03-2, L03-4) 25 points 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. rs a. $76,300 in raw materials were purchased for cash b. $72.000 in raw materials were used in production of this amount. $66,500 was for direct materials and the remainder was for indirect materials c. Total labor wages of $150,000 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 $126,800 were incurred and paid. e Manufacturing overhead of $120,400 was applied to production using the company's predetermined overhead rate t. 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. Prime 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 awwers in the tabs below. Required 2 Determine the wasted cost of goods sold for the period