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Help & explain Jurvin Enterprises is a manufacturing company that had no beginning inventories. A subset of the transactions that it recorded during a recent
Help & explain
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 $75,200 in raw materials were purchased for cash 1.571700 in raw materials were used in production of this amount, $65 200 was for direct materials and the remainder was for Indirect materials c. Totni labor wages of S151,500 were incurred and paid of this amount, $134,000 was for direct labor and the remainder was for indirect labor d. Additional manufacturing overhead costs of $126,200 were incurred and paid e Manufacturing overhead of 5123,200 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 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: 1. Post the above transactions to accounts 2. Determine the adjusted cost of goods sold for the period Complete this question by entering your answers in the tabs below. Required Required 2 Pest the above transactions to T-accounts Cash Dahl Beginning balance 75.200 Flow Materiale Credit Credit Dell Beginning balance 75,200 Ending balance Ending ba Work in Process Finished Goods Credit Delt Begining balance Credit Dahit Beginning balance Ending balance Ending balance Cost of Goods Sold Manufacturing Overhead Dobit Beginning balance Credit Dehit Beginning balance Credit Ending balance Ending balance Step by Step Solution
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