nces Exercise 3-2 (Algo) Prepare T-Accounts [LO3-2, LO3-4] 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. $75,600 In raw materials were purchased for cash. b. $71,400 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 $152,000 were incurred and paid. Of this amount, $133,400 was for direct labor and the remainder was for Indirect labor. d. Additional manufacturing overhead costs of $125,300 were incurred and paid. e. Manufacturing overhead of $128,400 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. ring your answers in the tabs below. 6.5 Post the above transactions to T-accounts. Cash Debit Beginning Balance look Hot Ending Balance For +1 References Debit Beginning Balance Ending Balance Wurk in Proces New Materiais Credit Debit Creat 75,600 Beginning Balance 75,600 71,400 152,000 125,300 352,000 Ending Balance Crude Out 65,000 133,400 324,000 Beginning Balance Ending Balance 4.200 Finished Goods 324,600 Credit 324,000 Manufacturing Overti+ Cost of Goods Sold) Det Credit Debit Cre Beginning Balance 5,500 128,400 Beginning Balance 18.000 21,000 324,000 21,000 125,300 Ending Balance Ending Balance Required 1 345,600 Required 2 > 2 6.5 pont a. $75,600 in raw materials were purchased for cash. b. $71,400 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 $152,000 were incurred and paid. Of this amount, $133,400 was for direct labor and the remainder was for indirect labor. d. Additional manufacturing overhead costs of $125,300 were incurred and paid. e. Manufacturing overhead of $128,400 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. Complete this question by entering your answers in the tabs below. Required 11 Required 2 Determine the adjusted cost of goods sold for the period. Adjusted cost of gods