Jurvin Enterprises is a manufacturing company with no beginning inventories. A subset of the transactions it...

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Jurvin Enterprises is a manufacturing company with no beginning inventories. A subset of the transactions it recorded during a recent month is shown below. a. Purchased $75,100 in raw materials for cash. b. $71,300 in raw materials were used in production. Of this amount, $66,900 was direct materials and the remainder was indirect materials c. Paid employees $151,800 cash. Of this amount, $134,200 was direct labor and the remainder was indirect labor. d. Paid $126,100 for additional manufacturing overhead costs. e. Applied manufacturing overhead of $120,100 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 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. Beginning balance a. C. d. Ending balance Beginning balance 16. C. 0. Ending balance Cash Raw Materials Debit Credit Debit Credit Beginning balance 75,100 151,800 126,100 353,000 Ending balance Work in Process Finished Goods Debit Credit Debit Credit Beginning balance Debit Beginning balance c. Ending balance 66,900 134,200 120,100 321,200 Manufacturing Overhead Ending balance Cost of Goods Sold Credit Debit Credit Beginning balance Ending balance Required: 1. Post the above transactions to T-accounts. 2. Calculate the adjusted cost of goods sold for the period. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the adjusted cost of goods sold for the period. Adjusted cost of goods sold < Required 1 Required 2 > Jurvin Enterprises is a manufacturing company with no beginning inventories. A subset of the transactions it recorded during a recent month is shown below. a. Purchased $75,100 in raw materials for cash. b. $71,300 in raw materials were used in production. Of this amount, $66,900 was direct materials and the remainder was indirect materials c. Paid employees $151,800 cash. Of this amount, $134,200 was direct labor and the remainder was indirect labor. d. Paid $126,100 for additional manufacturing overhead costs. e. Applied manufacturing overhead of $120,100 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 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. Beginning balance a. C. d. Ending balance Beginning balance 16. C. 0. Ending balance Cash Raw Materials Debit Credit Debit Credit Beginning balance 75,100 151,800 126,100 353,000 Ending balance Work in Process Finished Goods Debit Credit Debit Credit Beginning balance Debit Beginning balance c. Ending balance 66,900 134,200 120,100 321,200 Manufacturing Overhead Ending balance Cost of Goods Sold Credit Debit Credit Beginning balance Ending balance Required: 1. Post the above transactions to T-accounts. 2. Calculate the adjusted cost of goods sold for the period. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the adjusted cost of goods sold for the period. Adjusted cost of goods sold < Required 1 Required 2 >