a. $76,300 in raw materials were purchased for cash. b. $72,800 in raw materials were requisitioned for use in production. Of this amount, $66,200 was for direct materials and the remainder was for indirect materials. c. Total labor wages of $152,600 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 $125,800 were incurred and paid. e. Manufacturing overhead costs of $126,700 were applied to jobs using the company's predetermined overhead rate. f. All of the jobs in progress at the end of the month were completed and shipped to customers. g. Any underapplied or overapplied overhead for the period was closed out to Cost of Goods Sold. Required: 1. Post the above transactions to T-accounts. Cash Raw Materials Beg. Bal. Beg. Bal. 76,300 76,300 152,600 125,800 b. 72,800 End. Bal. 354,700 End. Bal. 3,500 Work in Process TULOS Finished Goods Beg. Bal. Beg. Bal. 326,200 66,200 133,300 126,700 326,200 326,200 End. Bal. End. Bal. Manufacturing Overhead Cost of Goods Sold Beg. Bal. Beg. Bal. 326,200 6,600 19,300 125,800 152,000 300 End. Bal. End. Bal. 326,200 2. Determine the cost of goods sold for the period. Cost of goods sold