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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
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. $76,100 In raw materials were purchased for cash b. $71600 In raw materials were used in production. Of this amount, $65,200 was for direct materla's and the remainder was for Indirect materials. c. Total labor wages of $150,700 were Incurred and paid. Of this amount, $134,600 was for direct labor and the remainder was for Indirect labor. d. Additional manufacturing overhead costs of $126,000 were Incurred and paid. e. Manufacturing overhead of $125,500 was applied to production using the company's predetermined overhead rate. t 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: Post the above transactions to T-accounts. 2 Determine the adjusted cost of goods sold for the periocd. Complete this question by entering your answers in the tabs below Required Required Post the above transactions to T-accounts. Material Beg. Bal Beg. Bal End. Bal End. Bal Beg. Bal End. Bal End. Bal Beg. Bal End. Bal End. Bal Required 1
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