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 $76,700 in raw materials were purchased for cash b. $72.500 in raw materials were used in production of this amount, 565,300 was for direct materials and the remainder was for indirect materials c. Total labor wages of $150,300 were incurred and paid of this amount, $134,300 was for direct labor and the remainder was for Indirect labor d. Additional manufacturing overhead costs of S126,000 were incurred and paid. e Manufacturing overhead of $119,200 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 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Panther Required 1 Required 2 Post the above transactions to T-accounts. Cash Raw Materials Bog Bal Bog. Bal End, Bal End Bal COCO Work in Process Finished Goods Bog Bal Beg Bel End Bal End, Bal Manufacturing Overhead Cost of Goods Sold Bog Bal Bog Bal End. But End Bal Prey 1 of 4 Nex PPT(1).pps CLIOLUI d. Additional manufacturing overhead costs of $126,000 were incurred and paid. e. Manufacturing overhead of $119,200 was applied to production using the company's predeterm f. 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: Book 1. Post the above transactions to T-accounts. 2. Determine the adjusted cost of goods sold for the period. Hint Print Complete this question by entering your answers in the tabs below. Merences Required 1 Required 2 Determine the adjusted cost of goods sold for the period. Adjusted cost of goods sold