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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.$75,200 in raw materials were purchased for cash.b.$72,300 in raw materials were requisitioned for use in production. Of this amount, $66,200 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, $134,300 was for direct labor and the remainder was for indirect labor.

d.Additional manufacturing overhead costs of $125,500 were incurred and paid.e.Manufacturing overhead costs of $121,400 were applied to jobs using the company's predetermined overhead rate.

f.All of the jobs in progress at the end of the month were completed and shipped to customers.g.Any underapplied or overapplied overhead for the period was closed out to Cost of Goods Sold.

Required:1.Post the above transactions to T-accounts.

image text in transcribed
Larned Corporation recorded the following transactions for the just completed month. a. $87,000 in raw materials were purchased on account. b. $85,000 in raw materials were requisitioned for use in production. Of this amount, $77,000 was for direct materials and the remainder was for indirect materials. c. Total labor wages of $108,000 were incurred. Of this amount, $102,100 was for direct labor and the remainder was for indirect labor. d.Additional manufacturing overhead costs of $197,000 were incurred. Required: Record the above transactions in journal entries. (If no entry is required for a transactionlevent, select "No journal entry required" in the rst account eld.) 6 Answer is not complete. . Work in process 0 Manufacturing overhead 9 102,100 0 5,900 o Raw materials Accounts payable Work in process Manufacturing overhead Raw materials 108,000 0 Manufacturing overhead 197,000 a Various accounts 197,000 0

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