Journal entries. a. C. 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. $94,000 in raw materials were purchased for cash. b. $89,000 in raw materials were used in production. Of this amount, $78,000 was for direct materials and the remainder was for indirect materials. Total labor wages of $132,000 were incurred and paid. Of this amount, $112,000 was for direct labor and the remainder was for indirect labor. d. Additional manufacturing overhead carsts of $143,000 were incurred and paid. Manufacturing overhead of $152,000 was applied to production using the company's prede- termined overhead rate. f. All of the jobs in process at the end of the month were completed. 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. e