Exercise 3-2 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. $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. 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. 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. 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. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Post the above transactions to T-accounts. Beg. Bal. End. Bal. Cash Raw Materials Beg. Bal 94,000 a. 94,000 112,000 x C. 20,000 xd. 78,000 xb. 11,000 d. 94,000 89,000 x 143,000 d. 369,000 End. Bal. 10,000 Work in Process Finished Goods Beg. Bal. Beg. Bal. 342,000x 342,000 x 78,000 342,000 112,000 152,000 End. Bal. Beg. Bal. Manufacturing Overhead a. 11,000 152,000 C. 20,000 22,000 143,000 174,000 x 174,000x End. Bal. End. Bal. Cost of Goods Sold Beg. Bal 342,000 22,000 364,000x End. Bal. < Required 1 Required 2 >