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.

$75,900 in raw materials were purchased for cash.

$71,300 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 $151,200 were incurred and paid. Of this amount, $134,200 was for direct labor and the remainder was for indirect labor.

Additional manufacturing overhead costs of $127,000 were incurred and paid.

Manufacturing overhead of $125,400 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.

Exercise 3-2 (Algo) Prepare T-Accounts [LO3-2, LO3-4] Jurvin Entecprises is a manufacturing company that had no beginning inventories. A subset of the transactiens that it reconded during a tecent nsenth is shewn teelow. a. 575,900 in raw materials were purchased for cash. b. $71,300 in raw materials were used in production, Of this amount. $66,900 was for direct materials and the remainder was for indirect materiab. c. Total lober vabes of $151,200 were incurred and paid. Of this amount, $134,200 was for direct labor and the rembinder was for indirect labor: d. Additional manufacturing overhead costs of $127000 were incurred and pald. e. Mansfacturing overhead of 5125,400 was applied to production using the compary's predetermined overhead rate. f. All of the jobs in process at the end of the month were completed. 9 At of the compicted jobs were shipped to custemers. h. Anty underapplied or overapplied ovethead for the geried was ciosed to Cost of Goocts Soid, Required: 1. Post the above transactions to T-accounts. 2. Determine the adjusted cost of goeds sold for the pericid. Answer is not camplete. Complete this question by entering your answers in the tabs below. Post the above tramections to T-acheciots