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PLEASE ANSWER BOTH !! Jurvin Enterprises is a manufacturing company that had no beginning inventories. A subset of the transactions that it recorded during a
PLEASE ANSWER BOTH !!
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. Indirect materials Indirect labor a. $76,400 in raw materials were purchased for cash, b. $71,400 in raw materials were used in production of this amount, $65,400 was for direct materials and the remainder was for c. Total labor wages of $152,800 were incurred and paid of this amount, $134,400 was for direct labor and the remainder was for d. Additional manufacturing overhead costs of $125,300 were incurred and paid. e Manufacturing overhead of $124,700 was applied to production using the company's predetermined overhead rate. t. 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 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 1 Required 2 Post the above transactions to T-accounts Cash Raw Materials Credit Debit Beginning Balance Credit Debit Beginning Balance Proy 1 of 3 !!! Next > Primare Corporation has provided the following data concerning last month's manufacturing operations. Purchases of raw materials Indirect materials used in production Direct labor Manufacturing overhead applied to work in process Underapplied overhead $ 32,000 $ 4,680 $ 58,800 $ 88, 400 $ 4,040 Inventories Beginning Ending Raw materials $ 11,300 $ 18,400 Work in process $ 55,300 $ 69,400 Tinished goods $ 34,300 $ 43,600 Required: 1. Prepare a schedule of cost of goods manufactured for the month. 2. Prepare a schedule of cost of goods sold for the month. Assume the underapplied or overapplied overhead is closed to Cost of Goods Sold Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a schedule of cost of goods manufactured for the month. Primare Corporation Schedule of Cost of Goods Manufactured Direct materials: Beginning raw materials inventory AH Step by Step Solution
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