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$.$ $$76,100$ in raw materials were purchased for cash. b$.$$$73,000$ in raw materials were used in production. Of this amount, $$65,800$ was for direct materials and the remainder was for indirect materialsC.Total labor wages of $$150,500$ were incurred and paid. Of this amount, $$135,000$ was for direct labor and the remainder was for indirect labor.d$.$ Additional manufacturing overhead costs of $$125,900$ were incurred and paide. Manufacturing overhead of $$122,600$ 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:$1.$ Prepare the journal entries for transactions a to g$.(1\mathrm{.}5$ marks$)2.$ Determine the adjusted cost of goods sold for the period for transaction h$.(0\mathrm{.}5$ mark$)$