Exercise 3-2 Prepare T-Accounts (LO3-2, LO3-4] Jurvin Enterprises recorded the following transactions for the just completed month. The company had no beginning Inventories a $76,200 in raw materials were purchased for casth. b. $72,600 in raw materials were used in production. Of this amount, $67,000 was for direct materials and the remainder was for Indirect materials Total labor wages of S150,400 were incurred and paid. Of this amount. S134-200 was for direct labor and the remainder was for Indirect labor d Additional manufacturing overhead costs of $125,300 were incurred and pald. e Manufacturing overhead of $120,100 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