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thought I completed this question and it still says incomplete. Can anyone help me know why? Jurvin Enterprises is a manufacturing company that had no
thought I completed this question and it still says incomplete. Can anyone help me know why?
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. $75,400 in raw materials were purchased for cash. b. $72,700 in raw materials were used in production. Of this amount, $66,000 was for direct materials and the remainder was for indirect materials. C. Total labor wages of $150,200 were incurred and paid. Of this amount, $133,300 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 $121,300 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. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Answer is not complete. 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 Beg. bal. Beg. bal. 75,400 72,700 75,400 150,200 126,700 End. bal. 352,300 End. bal. 2,700 Work in Process Finished Goods Beg. bal. Beg. bal. 66,000 320,600 320,600 133,300 121,300 320,600 End. bal. End. bal. Manufacturing Overhead Cost of Goods Sold Beg. bal. Beg. bal. 6,700 121,300 320,600 16,900 29,000 126,700 End. bal. 29,000 End. bal. 349,600 Required 1 Required 2 X Answer is not complete. 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 $ 349,600Step by Step Solution
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