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:
Post the above transactions to T-accounts.
|
Determine the adjusted cost of goods sold for the period.
|
Answer -
Solution 1:
Cash | |||
Event | Debit | Event | Credit |
Beg Bal | $0.00 | a | $75,800.00 |
c | $153,000.00 | ||
d | $125,900.00 |
Raw Materials | |||
Event | Debit | Event | Credit |
Beg Bal | $0.00 | b | $72,200.00 |
a | $75,800.00 | ||
End Bal | $3,600.00 |
Work In Process | |||
Event | Debit | Event | Credit |
Beg Bal | $0.00 | f | $322,100.00 |
b | $65,200.00 | ||
c | $134,900.00 | ||
e | $122,000.00 | ||
End Bal | $0.00 |
Finished Goods | |||
Event | Debit | Event | Credit |
Beg Bal | $0.00 | g | $322,100.00 |
f | $322,100.00 | ||
End Bal | $0.00 |
Manufacturing Overhead | |||
Event | Debit | Event | Credit |
Beg Bal | $0.00 | e | $122,000.00 |
b | $7,000.00 | h | $29,000.00 |
c | $18,100.00 | ||
d | $125,900.00 | ||
End Bal | $0.00 |
Cost of goods sold | |||
Event | Debit | Event | Credit |
Beg Bal | $0.00 | ||
g | $322,100.00 | ||
h | $29,000.00 | ||
End Bal | $351,100.00 |
Solution 2:
Adjusted cost of good sold = $351,100
If u r satisfied plz give a like
In case of any doubts plz let me know tanq
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. $72,200 in raw materials were used in production. Of this amount, $65,900 was for direct materials and the remainder was for indirect materials. Total labor wages of $150,800 were incurred and paid. Of this amount, $134,400 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. $75,000 in raw materials were purchased for cash. $72,700 in raw materials were used in production. Of this amount, $66,300 was for direct materials and the remainder was for indirect materials. Total labor wages of $152,900 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. $76,300 in raw materials were purchased for cash. $72,100 in raw materials were used in production. Of this amount, $65,400 was for direct materials and the remainder was for indirect materials. Total labor wages of $151,400 were incurred and paid. Of this amount, $133,200 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. $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. $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. 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. $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. $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. $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...