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. indirect materials 0. $76,800 in raw materials were purchased for cash. 6. $71,900 in raw materials were used in production of this amount. $65,500 was for direct materials and the remainder was for c. Total labor wages of $154,700 were incurred and pold. Of this amount, $135,000 was for direct labor and the remainder was for indirect labor d. Additional manufacturing overhead costs of $126,300 were incurred and paid. e Manufacturing overhead of $120,400 was applied to production using the company's predetermined overhead rate. 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. 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. Check my Post the above transactions to 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 Bogbal Dr 08:56 Complete this question by entering your answers in the tabs below. aped Required 1 Required 2 Book Determine the adjusted cost of goods sold for the period. Hint Adjusted cost of goods sold ASK Check my Exercise 3-3 (Algo) Schedules of Cost of Goods Manufactured and cost of Goods Sold [LO3-3) Primare Corporation has provided the following data concerning last month's manufacturing operations. Purchases of raw materials Indirect materials used in production Direct labor Manufacturing overhead applied to work in process Underapplied overhead $31,000 $ 4,850 $59,200 $87,800 $ 4,080 Inventories Raw materiale Work in process Finished goods Beginning $ 11,400 $ 55,400 $ 34,700 Ending $ 19,400 $ 68,800 $ 43,000 Required: 1. Prepare a schedule of cost of goods manufactured for the month. 2. Prepare a schedule of cost of goods sold for the month. Assume the underapplied or overapplied overhead is closed to cost of Goods Sold Complete this question by entering your answers in the tabs below. Required Required 2 Prepare a schedule of cost of goods manufactured for the month. Primare Corporation Schedule of Cost of Goods Manufactured 3:16 Direct materials: Beginning raw materials inventory Add: Purchases of raw materials Total raw materials available Less: Ending raw materials inventory Raw materials used in production Less: Indirect materials used in production Direct materials used in production Manufacturing overhead $ 0 ces 0 Total manufacturing costs added to production Total manufacturing costs to account for 0 Cost of goods manufactured Required 1 Required 2 Prepare a schedule of cost of goods sold for the month. Assume the underapplied or overapplied overhead is closed to Cos Goods Sold Primare Corporation Schedule of Cost of Goods Sold Beginning finished goods inventory Add: Cost of goods manufactured Cost of goods available for sale Less: Ending finished goods inventory Unadjusted cost of goods sold Add: Underapplied overhead Adjusted cost of goods sold