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.

$76,200 in raw materials were purchased for cash.

$71,600 in raw materials were used in production. Of this amount, $66,900 was for direct materials and the remainder was for indirect materials.

Total labor wages of $152,600 were incurred and paid. Of this amount, $133,200 was for direct labor and the remainder was for indirect labor.

Additional manufacturing overhead costs of $125,300 were incurred and paid.

Manufacturing overhead of $121,400 was applied to production using the companys predetermined overhead rate.

All of the jobs in process at the end of the month were completed.

All of the completed jobs were shipped to customers.

Any underapplied or overapplied overhead for the period was closed to Cost of Goods Sold.

Required:

Post the above transactions to T-accounts.

Determine the adjusted cost of goods sold for the period.

Cash					Raw Materials
Beg. Bal.					Beg. Bal.
		76,000	a.
		152,600	c.
		125,300	d.
End. Bal.		353,900			End. Bal.
Work in Process					Finished Goods
Beg. Bal.					Beg. Bal.
b.	66,900
c.	133,200
e.	121,400
End. Bal.	321,500				End. Bal.
Manufacturing Overhead					Cost of Goods Sold
Beg. Bal.					Beg. Bal.
b.			e.
c.			g.
d.
End. Bal.					End. Bal.