Record the above transactions in journal entries.

Question $2$:

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$.$ $$75,000$ in raw materials were purchased for cash.

b$.$ $$71,400$ in raw materials were used in production. Of this amount, $$65,200$ was for direct materials and the remainder was for indirect materials.

c$.$ Total labor wages of $$152,500$ were incurred and paid. Of this amount, $$133,200$ was for direct labor and the remainder was for indirect labor.

d$.$ Additional manufacturing overhead costs of $$125,800$ were incurred and paid.

e$.$ Manufacturing overhead of $$126,300$ 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.

Requireta:

Post the above transactions to T$-$accounts.

Determine the adjusted cost of goods sold for the period.