1. Jurvin Enterprises is a mamufacturing company that had no beginning inwentories. A subset of
the transactions that it recorded during a tecent month is shown below. a. 575,400 in raw
materlals were purchased for cash. b. S7t,00 in raw materials were used in production. Of this
amount, $66 , 600 was for direct materials and the remainder wos for indirect materials. c. Total
labor wages of $152 , 300 were incurred and pald. Of this amount, $134 , 000 was for diect labor
and thie remalinder was for indirect labor. d. Additional manufacturing overhead costs of
$126,000 were incurred and paid e. Manufacturing overtiead of $118.800 was applied to
production using the company's predelermined overthead rate. L. All of the jobs in process at the
end of the month were conpleted. 9. All of the completed jobs were shipped to customers. h. Any
underapplied or overapplied overhead for the period was closed to Cost of Goods Sold.
Required: 1. Post the above transactions to T.accounts. 2. Deterinine the adjusted cost of goods
sold for the periot. Complete this question by entering your answers in the tabe helowe. Dont the
abore transactions to troccourts. Required: 1. Post the above fransactons to T-accounts. 2.
Determine the adjusted cost of goods sold for the period. Complete this question by entering
your answers in the tabs below. Post the above transactions to T-accounts. 2 Jurvin Enterprises is
a manufacturing company that had no beginning inventories. A subset of the transactions that it
recorded during recent month is shown below. a. $75.400 in raw materials were purchased for
cash. b. $71 , 100 in raw materials were used in production. Of this amount, $66 , 600 was for
direct materials and the remainder was for indirect materials. c. Total labor wages of $152.300
were incurred and paid. Of this amount. $134.000 was for direct labor and the remainder was for
indirect labor. d. Additional manufacturing overhead costs of $126.000 were incurred and paid.
e. Manufacturing overhead of $118 , 800 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 period 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 period.
Complete this question by entering your answers in the tabs below. Determine the adjusted cost
of goods sold for the period.