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Jurvin Enterprises is a manufacturing company that had no beginning inventories. A subset of the transactions that Iit recorded during a recent month is shown
Jurvin Enterprises is a manufacturing company that had no beginning inventories. A subset of the transactions that Iit recorded during a recent month is shown below a $76,200 In raw materials were purchased for cash. b. $72,900 In raw materials were used In production. Of this amount, $65,200 was for direct materials and the remainder was for Indirect materials. c. Total labor wages of $151,500 were Incurred and paid. Of this amount, $133,600 was for direct labor and the remainder was for Indirect labor d. Additional manufacturing overhead costs of $126,400 were Incurred and pald e Manufacturing overhead of $125,000 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. Post the above transactions to T-accounts. 2 Determine the adjusted cost of goods sold for the peniod. Complete this question by entering your answers in the tabs below. Required 1 Required2 Post the above transactions to T-accounts. Beg. Bal. Beg. Bal. End. Bal End. Bal Work in Process Finished Goods Beg. Bal Beg. Bal. End. Bal End. Bal Manufacturing Overhead Cost of Goods Soid Beg Bal Beg Bal End Ba End Ba Required 2 Prev 15 of 6 Next > Complete this question by entering your answers in the tabs below. Required 1Required 2 Determine the adjusted cost of goods sold for the period. Adjusted cost of goods sold K Required 1
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