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please help Exercise 3-2 (Algo) Prepare T-Accounts [LO3-2, LO3-4]...

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Accounting

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Exercise 3-2 (Algo) Prepare T-Accounts [LO3-2, LO3-4] Jurvin Enterprisesis a manufacturing company that had no beginning inventorles. A subset of the transactions that it recorded during a lecent month is shown below. a. $75.300 in raw risterials were purchased for cash. b. $72,300 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 $150.400 were incurfed and paid. Of this-amount. $133.300 was for direct labor and the rematnder was for indiect labor d. Adiditional manufacturing overhead costs of $125,500 were incurred and paid. e. Marnfacturing overhead of $121,900 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 9. All of the completed jobs were shipped to customers. h. Ary underapplied or overapplied overhead for the period was clased to Cost of Goods Sold Required: 1. Post the above transactions to I accounts. 2. Determine the adjusted cost of goods sold for the period Determine the adjusted cost of goods sold for the period

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