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Help Save & Exit Submit 10 Jurvin Enterprises is a manufacturing company that had no beginning inventories. A subset of the transactions that it recorded
Help Save & Exit Submit 10 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. 2 points a. $76,300 in raw materials were purchased for cash. eBook Hant References b. $72,200 in raw materials were used in production. Of this amount, $66,900 was for direct materials and the remainder was for indirect materials. c. Total labor wages of $151,300 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 $125,100 were incurred and paid. e. f. Manufacturing overhead of $121,700 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. 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 Post the above transactions to T-accounts. Cash Haw Materials Creat Check my work 10 Post the above transactions to T-accounts. Cash 2 Debit points Beginning balance look Ending balance Raw Materials Credit Debit Credit Beginning balance Ending balance Work in Proces Finished Goods Debit Credit Debit Creat References Beginning balance Beginning balance Ending balance Ending balance Manufacturing Overhead - Cost of Goods Sold Debit Credit Debit Credi Beginning balance Beginning balance Ending balance Ending balance Check my work Required: Hint References 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 Determine the adjusted cost of goods sold for the period. Adjusted cost of goods sold
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