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Please help Exercise 3-2 (Static) Prepare T-Accounts [LO3-2, LO3-4) Jurvin Enterprises is a manufacturing company that had no beginning inventories. A subset of the transactions

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Exercise 3-2 (Static) 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. $94,000 in raw materials were purchased for cash. b. $89,000 in raw materials were used in production. Of this amount, $78,000 was for direct materials and the remainder was for indirect materials. c. Total labor wages of $132,000 were incurred and paid. Of this amount, $112,000 was for direct labor and the remainder was for indirect labor. d. Additional manufacturing overhead costs of $143,000 were incurred and paid, e Manufacturing overhead of $152,000 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. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 1 Required 2 Post the above transactions to T-accounts. Cach Raw Mato Beg, bal. Beg, bal 94,000 132,000 143,000 94,000 89,000 + End, bal. 369,000 End, bal 5,000 Beg bal. Work in Process 78,000 342,000 112,000 152,000 3 Finlahod Goods 342,000 342,000 Beg, bal End, bal End, bal Bog, bal Manufacturing Overhead 11,000 152,000 20,000 22,000 143,000 Bogbal Cost of Goods Sold 342,000 3 22,000 End, bal End, bal 364,000

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