Question
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. $76,200 in raw materials were purchased for cash. $71,900 in raw materials were used in production. Of this amount, $65,900 was for direct materials and the remainder was for indirect materials. Total labor wages of $150,300 were incurred and paid. Of this amount, $134,900 was for direct labor and the remainder was for indirect labor. Additional manufacturing overhead costs of $126,600 were incurred and paid. Manufacturing overhead of $126,000 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: 1. Post the above transactions to T-accounts. 2. Determine the adjusted cost of goods sold for the period.
Also need adjusted costs of goods sold.
It is rejecting my numbers not sure what's wrong.
Cash Raw Materials Beg. bal. Beg. bal. a. 76,200 71,900 b. 76,200 a. 150,300 C 126,600 d. End. bal. 353,100 End. bal. 4,300 Work in Process Finished Goods Beg. bal. Beg. bal. f. b. 326,800 f. 326,800 326,800 g. C. 65,900 134,900 126,000 e. End. bal. End. bal. Manufacturing Overhead Cost of Goods Sold Beg. bal. Beg. bal. b. 6,000 126,000 e. g. h. 326,800 126,000 C. 15,400 d. 126,600 h. End. bal. 22,000 End. bal. 452,800
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