Question

drop down menu contains options a.-h.

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. -BOOK a. $76,300 in raw materials were purchased for cash b. $72.800 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 $150,800 were incurred and paid of this amount. $134,500 was for direct labor and the remainder was for indirect labor d. Additional manufacturing overhead costs of $126,500 were incurred and poid. e Manufacturing overhead of $128.600 was applied to production using the company's predetermined overhead rate. All of the jobs in process at the end of the month were completed 9. 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 ies Required: 1. Post the above transactions to T-accounts 2. Determine the adjusted cost of goods sold for the period Rerences Complete this question by entering your answers in the tabs below. Resuired Required 2 Post the above transactions to accounts Cash Beg B

Answer 1

1.

Cash

Beg bal	$0	$76,300	a
		$150,800	c
		$126,500	d
End bal		$353,600

Raw materials

Beg bal	$0	$66,000	b
a	$76,300	$6,800	b
End bal	$3,500

Work in process

Beg bal	$0
b	$66,000	$321,100	f
c	$134,500
e	$120,600
End bal	$0

Finished goods

Beg bal	$0	$321,100	g
f	$321,100
End bal	$0

Manufacturing overhead

Beg bal	$0	$128,600	e
b	$6,800	$21,000
c	$16,300
d	$126,500
End bal	$0

Cost of goods sold

Beg bal	$0
g	$321,100
h	$21,000
End bal	$342,100

2. Adjusted cost of goods sold =$342,100