Exercise 3-2 (Algo) Prepare T-Accounts [LO3-2, LO3-4) 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. a. $75,700 In raw materials were purchased for cash. b. $72,300 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 $150,600 were incurred and paid. Of this amount, $134,000, was for direct labor and the remainder was for d. Additional manufacturing overhead costs of $126,400 were incurred and pald. e. Manufacturing overhead of $127,800 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 perlod 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. Raw Materials Cash 0 Beg. bal. Beg. bal. a. 75,200 75,700 a. 150,600 126,400. End, bal. 352,700 End, bal. 75,200 Work In Process Finished Goods Beg. bal. Beg. bal b. 66,500 134,000 127,800 328,300 End, bal End, bal. Manufacturing Overhead Cost of Goods Sold Beg. bal. b. Beg, bal. 5,800 16,600 126,400 127,800 21,000 min d. End. bal End, bal 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 1 Required 2 *********** Determine the adjusted cost of goods sold for the period. ***** Adjusted cost of goods sold