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.
Required:
Cash | Raw Materials | |||||||
Beg.bal | Beg.bal | |||||||
76,600 | a. | a. | 76,600 | |||||
151,300 | c. | 72,300 | b. | |||||
126,900 | d. | |||||||
end bal | 354,800 | end bal | 4,300 | |||||
Work in process | finished goods | |||||||
Beg.bal | Beg.bal | |||||||
b. | 66,700 | f. | 326,500 | |||||
c. | 134,200 | 326,500 | g. | |||||
e. | 125,600 | |||||||
326,500 | f. | |||||||
end bal | 0 | end bal | 0 | |||||
Manufacturing overhead | cost of goods sold | |||||||
Beg.bal | beg bal | 0 | ||||||
b. | 5,600 | g. | 326,500 | |||||
c. | 17,100 | h. | 24,000 | |||||
d. | 126,900 | |||||||
125,600 | e | |||||||
24,000 | h | |||||||
End bal | 0 | end bal | 350,500 | |||||
Adjusted cost of goods sold | 350,500 | |||||||
Exercise 3-2 Prepare T-Accounts [LO3-2, LO3-4] Jurvin Enterprises is a manufacturing company that had no beginning...
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. $75,200 in raw materials were purchased for cash. $71,400 in raw materials were used in production. Of this amount, $65,700 was for direct materials and the remainder was for indirect materials. Total labor wages of $152,700 were incurred and paid. Of this amount, $133,400 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 $75,500 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 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...
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 (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...
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. $75,500 in raw materials were purchased for cash. b. $72,900 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 $151,700 were incurred and paid. Of this amount, $133,500...
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. $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...