Book Hint Ask Pret erences Exercise 3-2 (Algo) Prepare T-Accounts [LO3-2, LO3-4] Jurvin Enterprises is a manufacturing c

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Book Hint Ask Pret Erences Exercise 3 2 Algo Prepare T Accounts Lo3 2 Lo3 4 Jurvin Enterprises Is A Manufacturing C 1 (41.33 KiB) Viewed 30 times

Book Hint Ask Pret Erences Exercise 3 2 Algo Prepare T Accounts Lo3 2 Lo3 4 Jurvin Enterprises Is A Manufacturing C 2 (41.33 KiB) Viewed 30 times

Book Hint Ask Pret Erences Exercise 3 2 Algo Prepare T Accounts Lo3 2 Lo3 4 Jurvin Enterprises Is A Manufacturing C 3 (54.37 KiB) Viewed 30 times

Book Hint Ask Pret Erences Exercise 3 2 Algo Prepare T Accounts Lo3 2 Lo3 4 Jurvin Enterprises Is A Manufacturing C 4 (23.9 KiB) Viewed 30 times

Book Hint Ask Pret erences 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. $75,600 in raw materials were purchased for cash. b. $71,800 in raw materials were used in production. Of this amount, $66,300 was for direct materials and the remainder was for indirect materials. c. Total labor wages of $150,800 were incurred and paid. Of this amount, $134,200 was for direct labor and the remainder was for indirect labor. d. Additional manufacturing overhead costs of $126,500 were incurred and paid. e. Manufacturing overhead of $119,600 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.

Post the above transactions to T-accounts. Debit Beginning Balance Ending Balance Debit Beginning Balance Ending Balance Cash Work in Process 66,300 134,200 119,600 Credit 75,600 150,800 126,500 352,900 Manufacturing Overhead) Credit 320,100 P Beginning Balance Ending Balance. Debit Ending Balance Debit Beginning Balance NARE Raw Materials 75,600 3,800 Finished Goods 320,100 Cost of Goods Soldi Credit 71,800 Credit 320,100 www

bok Int sk int rences Debit Beginning Balance Ending Balance Manufacturing Overhead 5,500 16,600 126,500 Credit 119,600 29,000 Beginning Balance Ending Balance Debit Rebuired 1 Cost of Goods Sold 320,1001 29,000 349,100 Required 2 > Credit