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. $76,700 in raw materials were purchased for cash. b. $72,200 in raw materials were used in production. Of this amount, $65,800 was for direct materials and the remainder was for Indirect materials. c. Total labor wages of $151,100 were incurred and paid. Of this amount, $134,800 was for direct labor and the remainder was for Indirect labor d. Additional manufacturing overhead costs of $125,800 were incurred and paid. e. Manufacturing overhead of $123,500 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 period. Post the above transactions to T-accounts. Debit Beginning Balance Cash Credit Beginning Balance a. a. 151,200 c 126,900 d. Ending Balance 278,100 Work in Process Debit Credit Beginning Balance b. C 0. Ending Balance Beginning Balance b. a d. Debit Ending Balance Debit Raw Materials Credit 76,700 72,100 b. Ending Balance 4,600 Debit Beginning Balance 66,700 133,900 323,200 f f 122.600 6 Manufacturing Overhead 000 Credit 5,400 17,300 122,000 e 27,000 h. 126,900 00 Ending Balance Finished Goods Credit 323,200 323,200 g Cost of Goods Sold Debit Credit Beginning Balance 9. 323,200 h. 27,000 Ending Balance 350,200