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what are the correct answers? Jurvin Enterprises is a manufacturing company that had no beginning inventories. A subset of the transactions that it recorded during
what are the correct answers? 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. $94,000 in raw materials were purchased for cash. b. $89,000 in raw materials were used in production of this amount, $78,000 was for direct materials and the remainder was for Indirect materials.. c. Total labor wages of $132,000 were incurred and paid. Of this amount, $112,000 was for direct labor and the remainder was for Indirect labor d. Additional manufacturing overhead costs of $143,000 were incurred and paid, e. Manufacturing overhead of $152,000 was applied to production using the company's predetermined overhead rate. t. 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 complete but not entirely correct. 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 Beg. Bat a 89,000 o b ol C a 94,000 132,000 143,000 369,000 738,000 ols 94,000 d End Bal 5,000 10,000 End. Bal. Work in Process Finished Goods Bog. Bal b. Beg. Bal 342,000 342,000 19 OOO 78,000 112,000 152,000 OOO 1. 342,000 9. End. Bal. End, Bal Manufacturing Overhead Cost of Goods Sold Beg. Bal. Beg Bal e. 152.000 22.000 OO lo b. 342.000 22.000 h. h. 11,000 20,000 143,000 solo d. End. Bal. End. Bai 364,000 Required 2 >
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