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. $76,900 in raw materials were purchased for cash. b. $71,700 in raw materials were used in production. Of this amount, $65,900 was for direct materials and the remainder was for indirect materials. c. Total labor wages of $153,000 were incurred and paid. Of this amount, $133,600 was for direct labor and the remainder was for indirect labor. d. Additional manufacturing overhead costs of $126,500 were incurred and paid. e. Manufacturing overhead of $125,700 was applied to production using the company's predetermined overhead rate. f. All of the jobs in process at the end of the month were completed. g. All of the completed jobs were shipped to customers. h. 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. Raw Materials Cash 0 Beg. Bal. Beg. Bal. 0 76,900 76,900 71,700 153,000 End. Bal. 229,900 End. Bal. 5,200 Work in Process Finished Goods 0 Beg. Bal. 0 ol Beg. Bal. 65,900 133,600 End. Bal. 199,500 End. Bal. Manufacturing Overhead Cost of Goods Sold Beg. Bal. 0 Beg. Bal. 0 26,000 5,800 19,400 126,500 End. Bal. 151,700 End. Bal. 26,000