Solution:
1.
Cash | |||
Beg. Bal. | 75,500 | a | |
1,51,700 | c | ||
1,25,300 | d | ||
End. Bal. | 3,52,500 |
Raw Materials | |||
Beg. Bal. | |||
a. | 75,500 | 72,900 | b |
End. Bal. | 2,600 |
Work In Process | |||
Beg. Bal. | |||
b. | 66,200 | 3,22,900 | f |
c. | 1,33,500 | ||
e. | 1,23,200 | ||
End Bal. | 0 |
Finished Goods | |||
Beg. Bal | |||
f. | 3,22,900 | 3,22,900 | g |
End. Bal. | 0 |
Manufacturing Overhead | |||
Beg. Bal. | |||
b. | 6,700 | 1,23,200 | e |
c. | 18,200 | 27,000 | h |
d. | 1,25,300 | ||
End. Bal. | 0 |
Cost of goods sold | |||
Beg. Bal. | |||
g. | 3,22,900 | ||
h. | 27,000 | ||
End. Bal. | 3,49,900 |
2.
Adjusted cost of goods sold | $349,900 |
The adjusted cost of goods sold is ending balance of cost of goods sold is $349,900
Exercise 3-2 (Algo) Prepare T-Accounts (LO3-2, LO3-4) Jurvin Enterprises is a manufacturing company that had no...
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...
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...
Exercise 3-2 (Algo) 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. $76,800 in raw materials were purchased for cash b. $71,600 in raw materials were used in production of this amount $65.700 was for direct materials and the remainder was for Indirect materials c. Total labor wages of $150.300 were incurred and paid of this amount $134.800...
2 Exercise 3-2 (Algo) 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. ants Skipped Book Hint a. $76,800 in raw materials were purchased for cash. b. $72,000 in raw materials were used in production of this amount $66,700 was for direct materials and the remainder was for indirect materials c. Total labor wages of $151,400 were incurred and...
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 $75,500 in raw materials were purchased for cash. b. $71,600 in raw materials were used in production of this amount, $66,400 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, $133,900 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 durin recent month is shown below. a. $76,800 in raw materials were purchased for cash. b. $72,100 in raw materials were used in production. Of this amount, $66,300 was for direct materials and the remainder was for indirect materials. c. Total labor wages of $151,800 were incurred and paid. Of this amount, $134,700 was for...
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 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...
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. $76,200 in raw materials were purchased for cash. b. $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. c. Total labor wages of $150,800 were incurred and paid. Of this amount, $133,400 was...