Jurvin Enterprises is a manufacturing company with no beginning inventories. A subset of the transactions...
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Jurvin Enterprises is a manufacturing company with no beginning inventories. A subset of the transactions it recorded during a recent month is shown below. a Purchased $ in raw materials for cash. b $ in raw materials were used in production. Of this amount, $ was direct materials and the remainder was indirect materials. c Paid employees $ cash. Of this amount, $ was direct labor and the remainder was indirect labor. d Paid $ for additional manufacturing overhead costs. e Applied manufacturing overhead of $ 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 was closed to Cost of Goods Sold. Required: Post the above transactions to Taccounts. Calculate the adjusted cost of goods sold for the period. Complete this question by entering your answers in the tabs below.
Jurvin Enterprises is a manufacturing company with no beginning inventories. A subset of the transactions it recorded during a recent month is shown below.
a Purchased $ in raw materials for cash.
b $ in raw materials were used in production. Of this amount, $ was direct materials and the remainder was indirect materials.
c Paid employees $ cash. Of this amount, $ was direct labor and the remainder was indirect labor.
d Paid $ for additional manufacturing overhead costs.
e Applied manufacturing overhead of $ 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 was closed to Cost of Goods Sold.
Required:
Post the above transactions to Taccounts.
Calculate the adjusted cost of goods sold for the period.
Complete this question by entering your answers in the tabs below.
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