Jurvin Enterprises is a manufacturing company with no beginning inventories. A subset of the transactions it recorded during a recent month is shown below.

• Purchased $75,700 in raw materials for cash.
• $71,300 in raw materials were used in production. Of this amount, $66,200 was direct materials and the remainder was indirect materials.
• Paid employees $152,100 cash. Of this amount, $133,000 was direct labor and the remainder was indirect labor.
• Paid $125,300 for additional manufacturing overhead costs.
• Applied manufacturing overhead of $122,500 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 was closed to Cost of Goods Sold.

Required:

1. Post the above transactions to T-accounts.
2. Calculate the adjusted cost of goods sold for the period.