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 $75,600 in raw materials were purchased for cash $71,800 in raw materials were used in production Of this amount, $65,500 was for direct materials and the remainder was for indirect materials Total labor wages of $150,100 were incurred and paid Of this amount, $133,300 was for direct labor and the remainder was for indirect labor Additional manufacturing overhead costs of $126,800 were incurred and paid Manufacturing overhead of $125,900 was applied to production using the companys predetermined overhead rate All of the jobs in process at the end of the month were completed All of the completed jobs were shipped to customers Any underapplied or overapplied overhead for the period was closed to Cost of Goods Sold Required Post the above transactions to T accounts 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 Post the above transactions to T 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 Beg Bal End Bal End Bal 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

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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

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.

$75,600 in raw materials were purchased for cash.
$71,800 in raw materials were used in production. Of this amount, $65,500 was for direct materials and the remainder was for indirect materials.
Total labor wages of $150,100 were incurred and paid. Of this amount, $133,300 was for direct labor and the remainder was for indirect labor.
Additional manufacturing overhead costs of $126,800 were incurred and paid.
Manufacturing overhead of $125,900 was applied to production using the companys predetermined overhead rate.
All of the jobs in process at the end of the month were completed.
All of the completed jobs were shipped to customers.
Any underapplied or overapplied overhead for the period was closed to Cost of Goods Sold.

Required:

Post the above transactions to T-accounts.
Determine the adjusted cost of goods sold for the period.

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Complete this question by entering your answers in the tabs below. Required 1 Required 2 Post the above transactions to T-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 Beg. Bal End. Bal. End. Bal. 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