Required 1 Required 2 Determine the adjusted cost of goods sold for the period. Adjusted cost of goods sold Debit Manufacturing Overhead Beginning Balance Credit Debit Beginning Balance b. 11,000 123,200 g. 20,000 34,500 h. d. 126,700 Ending Balance Cost of Goods Sold 323,400 Ending Balance 323,400 Credit 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. $75,300 in raw materials were purchased for cash. b. $72,000 in raw materials were used in production. Of this amount, $65,600 was for direct materials and the remainder was for Indirect materials. c. Total labor wages of $152,700 were incurred and paid. Of this amount, $134,600 was for direct labor and the remainder was for Indirect labor. d. Additional manufacturing overhead costs of $126,700 were incurred and paid. e. Manufacturing overhead of $123,200 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. CO Chetab Cash Debit Beginning Balance Ending Balance Credit Raw Materials Debit Credit Beginning Balance 0 152,700 c. a. 126,700 d. 75,300 354,700 Ending Balance Work in Process Debit Credit Beginning Balance b. C. 65,600 323,400 134,600 e. 123,200 Ending Balance Debit Beginning Balance f. Ending Balance 75,300 72,000 3,300 Finished Goods Credit 323,400 323,400