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.
Required:
1.
Cash | Raw Material | |||||||||
Beg. Bal. | Beg. Bal. | |||||||||
76200 | a. | a. | 76200 | 72200 | b. | |||||
150800 | c. | |||||||||
125600 | d. | |||||||||
End Bal | 0 | 352600 | End Bal | 76200 | 72200 | |||||
Work-in-Process | Finished Goods | |||||||||
Beg. Bal. | Beg. Bal. | |||||||||
b. | 65900 | 321600 | f. | f. | 321600 | 321600 | g | |||
c. | 134400 | |||||||||
e. | 121300 | |||||||||
End Bal | 321600 | 321600 | End Bal | 321600 | 321600 | |||||
Manufacturing Overheads | Cost of Goods Sold | |||||||||
Beg. Bal. | Beg. Bal. | |||||||||
b | 6300 | 121300 | e. | g. | 321600 | |||||
c. | 16400 | 27000 | h. | h. | 27000 | |||||
d. | 125600 | |||||||||
End Bal | 148300 | 148300 | End Bal | 348600 | 0 | |||||
2. Adjusted Cost of Goods sold during the period is $348600
Jurvin Enterprises is a manufacturing company that had no beginning inventories. A subset of the transactions...
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. $76,200 in raw materials were purchased for cash. $72,400 in raw materials were used in production. Of this amount, $65,200 was for direct materials and the remainder was for indirect materials. Total labor wages of $150,800 were incurred and paid. Of this amount, $133,400 was for direct labor and the remainder was for indirect...
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. $75,800 in raw materials were purchased for cash. $72,200 in raw materials were used in production. Of this amount, $65,200 was for direct materials and the remainder was for indirect materials. Total labor wages of $153,000 were incurred and paid. Of this amount, $134,900 was for direct labor and the remainder was for indirect...
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. $72,200 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 $150,400 were incurred and paid. Of this amount, $134,500 was for direct labor and the remainder...
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. 5.572,300 in raw materials were used in production of this amount. $66.900 was for direct materials and the remainder was for Indirect materials. Total Tabor wages of $150,800 were incurred and paid. Of this amount: $134700 was for direct labor and the remainder was for...
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. $76,000 in raw materials were purchased for cash. $71,600 in raw materials were used in production. Of this amount, $65,800 was for direct materials and the remainder was for indirect materials. Total labor wages of $150,100 were incurred and paid. Of this amount, $133,400 was for direct labor and the remainder was for indirect...
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. $76,000 in raw materials were purchased for cash. $71,700 in raw materials were used in production. Of this amount, $66,600 was for direct materials and the remainder was for indirect materials. Total labor wages of $151,300 were incurred and paid. Of this amount, $133,600 was for direct labor and the remainder was for indirect...
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. $75,400 in raw materials were purchased for cash. $72,100 in raw materials were used in production. Of this amount, $66,400 was for direct materials and the remainder was for indirect materials. Total labor wages of $151,500 were incurred and paid. Of this amount, $133,000 was for direct labor and the remainder was for indirect...
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. $76.400 in raw materials were purchased for cash b. $71,600 in raw materials were used in production. Of this amount, $66.800 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...
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. $76,500 in raw materials were purchased for cash. b. $72,300 in raw materials were used in production. Of this amount, $66,100 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, $134,300 was for direct labor and the remainder...
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. $71,300 in raw materials were used in production. Of this amount, $65,800 was for direct materials and the remainder was for indirect materials. c. Total labor wages of $150,400 were incurred and paid. Of this amount, $133,100 was for direct labor and the remainder...