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. $94,000 in raw materials were purchased for cash b. $80,000 in raw materials were requisitioned for use in production of this amount, $78,000 was for direct materials and the remainder was for indirect materials. Q. Total labor wages of $132,000 were incurred and paid. Of this amount, $112,000 was for direct labor and the remainder was for indirect labor. d. Additional manufacturing overhead costs of $143,000 were incurred and paid. e. Manufacturing overhead costs of $152,000 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. 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 Raw Materials Cash O Beg, Bal. Beg. Bal. 94.000 89,000 94,000 a 132,000C. 143,000 d. End. Bal 369,000 5,000 Work in Process Finished Goods Beg. Bal Beg. Bal. 342,000 342.000 . 342.000 342,000 78,000 112,000 152,000 End. Bal. Manufacturing Overhead Cost of Goods Sold Beg, Bal. Beg. Bal. 342,000 22,000 g 11,000 20,000 143,000 152,000 22,000 e. g 320,000 End. Bal. End. Bal "Red text Indicates no response was expected in a celor a formula-based calculation is incorrect, no points deducted 2. Determine the cost of goods sold for the period. Cost of goods sold $ 320,000