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. $75,400 in raw materials were purchased for cash.
2. $72,100 in raw materials were used in production. Of this amount, $66,400 was for direct materials and the remainder was for indirect materials.
3. Total labor wages of $151,500 were incurred and paid. Of this amount, $133,000 was for direct labor and the remainder was for indirect labor.
4. Additional manufacturing overhead costs of $125,000 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.

Post the above transactions to T-accounts.

Determine the adjusted cost of goods sold for the period.

cost of goods sold _____________

Cash Raw Materials Beg. Bal. Beg. Bal. End. Bal. End. Bal. Work in Process Finished Goods Beg. Bal. Beg. Bal. End. Bal. End. Bal. Manufacturing Overhead Cost of Goods Sold Beg. Bal. Beg. Bal. End. Bal. End. Bal