Cash | Raw Materials | |||||||
Beg. Bal. | $ 94,000 | a. | Beg. Bal. | |||||
$ 1,32,000 | c. | a. | $ 94,000 | $ 89,000 | b. | |||
$ 1,43,000 | d. | |||||||
End. Bal. | $ 3,69,000 | End. Bal. | $ 5,000 | |||||
Work in Process | Finished Goods | |||||||
Beg. Bal. | Beg. Bal. | |||||||
b. | $ 78,000 | f. | $ 3,42,000 | $ 3,42,000 | f. | |||
c. | $ 1,12,000 | |||||||
e. | $ 1,52,000 | $ 3,42,000 | f. | |||||
End. Bal. | End. Bal. | |||||||
Manufacturing Overheads | Cost of Goods Sold | |||||||
Beg. Bal. | Beg. Bal. | |||||||
b. | $ 11,000 | $ 1,52,000 | e. | f. | $ 3,42,000 | |||
c. | $ 20,000 | $ 22,000 | g. | g. | $ 22,000 | |||
d. | $ 1,43,000 | |||||||
End. Bal. | End. Bal. | $ 3,64,000 | ||||||
Adjusted Cost of Goods sold = $364000 |
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Exercise 3-2 Prepare T-Accounts (L03-2, LO3-4] Jurvin Enterprises is a manufacturing company that had no beginning...
Exercise 3-2 Prepare T-Accounts [L03-2, LO3-4] 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. $76,000 in raw materials were purchased for cash b. $71,700 in raw materials were used in production. Of this amount, $67,000 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, $133.900 was...
Exercise 3-2 Prepare T-Accounts (LO3-2, LO3-4) 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. $77,000 in raw materials were purchased for cash. b. $71.400 in raw materials were used in production of this amount. $66,200 was for direct materials and the remainder was for indirect materials c. Total labor wages of $151,100 were incurred and paid of this amount. $133,500 was...
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Exercise 3-2 Prepare T-Accounts [LO3-2, LO3-4) 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. $71,500 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 $151,000 were incurred and paid. Of this amount, $134,100 was...
Exercise 3-2 Prepare T-Accounts [LO3-2, LO3-4] 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. $76,800 in raw materials were purchased for cash. $71,000 in raw materials were used in production. Of this amount, $66,200 was for direct materials and the remainder was for indirect materials. Total labor wages of $151,600 were incurred and paid. Of this amount, $133,800 was for direct labor...
Exercise 3-2 Prepare T-Accounts [LO3-2, LO3-4) 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. b. $72,500 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 $152,000 were incurred and paid. Of this amount, $133,100 was...
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Exercise 3-2 Prepare T-Accounts (LO3-2, LO3-4] Jurvin Enterprises is a manufacturing company that had no beginning inventories. A subset of the transections that it recorded during a recent month is shown below. a. $75,100 in raw materials were purchased for cash. b. $71J00 in raw materials were used in production. Of this amount, $66,000 was for direct materlals and the remainder was for indirect materials. c. Total labor wages of $150,600 were incurred and paid. Of this amount, $134,400 was...
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