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Jurvin Enterprises is a manufacturing company that had no beginning Inventorles. A subset of the...

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Accounting

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Jurvin Enterprises is a manufacturing company that had no beginning Inventorles. A subset of the transactions that it recorded durlng a recent month is shown below. a. $75,400 in raw materlals were purchased for cash. b. $72,700 in raw materlals were used in productlon. Of this amount, $66,000 was for direct materlals and the remainder was for Indirect materlals. c. Total labor wages of $151,300 were incurred and pald. Of this amount, $133,300 was for direct labor and the remainder was for Indirect labor. d. Additional manufacturing overhead costs of $126,000 were incurred and pald. e. Manufacturing overhead of $124,700 was applied to production using the company's predetermined overhead rate. f. All of the Jobs in process at the end of the month were completed. g. All of the completed jobs were shipped to customers. h. Any underapplied or overapplied overhead for the perlod was closed to Cost of Goods Sold. Required: 1. Post the above transactions to T-accounts. 2. Determine the adjusted cost of goods sold for the perlod. Complete this question by entering your answers in the tabs below. Post the above transactions to T-accounts

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