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Check my work 2 Exercise 3-2 (Static) Prepare T-Accounts [LO3-2, LO3-4] 10 Jurvin Enterprises is a manufacturing company that had no beginning inventories. A subset
Check my work 2 Exercise 3-2 (Static) Prepare T-Accounts [LO3-2, LO3-4] 10 Jurvin Enterprises is a manufacturing company that had no beginning inventories. A subset of the transactions that it points recorded during a recent month is shown below. Skipped a. $94,000 in raw materials were purchased for cash. b. $89,000 in raw materials were used in production. Of this amount, $78,000 was for direct materials and the remainder was for indirect materials. eBook c. Total labor wages of $132,000 were incurred and paid. Of this amount, $112,000 was for direct labor and the remainder was for indirect labor. Hint d. Additional manufacturing overhead costs of $143,000 were incurred and paid. e. Manufacturing overhead of $152,000 was applied to production using the company's predetermined overhead rate. Print f. All of the jobs in process at the end of the month were completed. References 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.2 Post the above transactions to T-accounts. Cash Raw Materials Debit Credit Debit Credit 10 Beginning Balance Beginning Balance points Skipped eBook Ending Balance Ending Balance Hint Print Work in Process Finished Goods Debit Credit Debit Credit References Beginning Balance Beginning Balance Ending Balance Ending BalanceCheck my work 2 10 Ending Balance Ending Balance points Manufacturing Overhead Cost of Goods Sold Skipped Debit Credit Debit Credit Beginning Balance Beginning Balance eBook Hint Print References Ending Balance Ending Balance 2 points skipped eElcok Hint Print References Required: 1. Post the above transactions to Taccounts. 2. Determine the adjusted cost of goods sold for the periods 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.
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