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 $75,400 in raw materials for cash. b. $72,400 in raw materials were used in production. Of this amount, $65,600 was direct materials and the remainder was indirect materials. c. Paid employees $152,400 cash. Of this amount, $134,200 was direct labor and the remainder was indirect labor. d. Paid $125,200 for additional manufacturing overhead costs. e. Applied manufacturing overhead of $127,200 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Post the above transactions to T-accounts. Debit Beginning balance Ending balance Cash Work in Process Credit 75,400 a 152,400 c 125,200 d. 353,000 Beginning balance a. Debit Ending balance Raw Materials 75,400 3,000 Finished Goods Credit 72,400 b

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 $75,400 in raw materlals for cash b. $72,400 in raw materials were used in production. Of this amount, $65,600 was direct materials and the remainder was indirect materials c. Paid employees $152,400 cash of this amount, $134,200 was direct labor and the remainder was indirect labor. d. Paid $125,200 for additional manufacturing overhead costs e. Applled manufacturing overhead of $127,200 to production using the company's predetermined overhead rate. f. All of the jobs in process at the end of the month were completed. 9. All of the completed jobs were shipped to customers h. Any underapplied or overoppled 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. Complete this question by entering your answers in the tabs below. Post the above transactions to T-accounts