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Please help me finish the rest of this question. This window shows your responses and what was marked correct and incorrect from yo Jurvin Enterprises
Please help me finish the rest of this question.
This window shows your responses and what was marked correct and incorrect from yo Jurvin Enterprises recorded the following transactions for the just completed month. The company had no beginning inventories. a. $76,900 in raw materials were purchased for cash. b. $71,900 in raw materials were used in production. Of this amount, $65.900 was for direct materials and the remainder was for indirect materials. Total labor wages of $150,500 were incurred and paid. Of this amount. $133,200 was for direct labor and the remainder was for indirect labor. d. Additional manufacturing overhead costs of $126.000 were incurred and paid. e Manufacturing overhead of $124,300 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 1 Required 2 Post the above transactions to T-accounts. Cash Raw Materials Bog. Bal. 76,900 71,900 76,000 150,500 126,000 d. 5.000 End. Bal 352.500 Finished Goods Work in Process 323 400 323.400 65,900 133.200 124,300 Required 1 Required 2 Post the above transactions to T-accounts. Cash Raw Materials Beg. Bal. Beg. Bal. 76,900 71,900 b. 76,000 a. 150,500 126,000d End. Bal. 352,500 End. Bal. 5,000 Work in Process Finished Goods Beg. Bal. Beg Bal 323.400 65,900 133,200 124,300 323,400 323,400 . End. Bal. End. Bal. Manufacturing Overhead Cost of Goods Sold Beg. Bal Beg. Bal. Red text indicates no response was expected in a formula base calculation is incorrect; ne points deducted This window shows your responses and what was marked correct and incorrect from your Jurvin Enterprises recorded the following transactions for the just completed month. The company had no beginning inventories. a. $76,900 in raw materials were purchased for cash. b. $71,900 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 $150,500 were incurred and paid. Of this amount, $133,200 was for direct labor and the remainder was for indirect labor. d. Additional manufacturing overhead costs of $126,000 were incurred and paid. e. Manufacturing overhead of $124,300 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 1 Required 2 Determine the adjusted cost of goods sold for the period. Adjusted cost of goods sold $ 12,000 Step by Step Solution
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