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.

1. $75,800 in raw materials were purchased for cash.
2. $71,600 in raw materials were used in production. Of this amount, $65,500 was for direct materials and the remainder was for indirect materials.
3. Total labor wages of $150,500 were incurred and paid. Of this amount, $134,600 was for direct labor and the remainder was for indirect labor.
4. Additional manufacturing overhead costs of $125,200 were incurred and paid.
5. Manufacturing overhead of $123,200 was applied to production using the companys predetermined overhead rate.
6. All of the jobs in process at the end of the month were completed.
7. All of the completed jobs were shipped to customers.
8. 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.

Cash					Raw Materials
Beg. Bal.		75,800			Beg. Bal.		65,500
		150,500					6,100
		125,200					4,200
End. Bal.		351,500			End. Bal.		75,800
Work in Process					Finished Goods
Beg. Bal.	65,500				Beg. Bal.	323,300	323,300
	134,600
	123,200
End. Bal.	323,300				End. Bal.
Manufacturing Overhead					Cost of Goods Sold
Beg. Bal.					Beg. Bal.
End. Bal.					End. Bal.

• Determine the adjusted cost of goods sold for the period.

  	Adjusted cost of goods sold