Question: hapter 3 - Exercises 1, 2, 5, 6, 9, 10 and Integra... i 2 2 ts eBook Hint Print References Saved Help c. Paid employees
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 $75,100 in raw materials for cash. b. $72,600 in raw materials were used in production. Of this amount, $66,800 was direct moterials and the remainder was indirect materials. c. Paid employees $150,900 cash. Of this amount, $134,200 was direct labor and the remainder was indirect labor. d. Paid $126,800 for additional manufacturing overhead costs. e. Applied manufacturing overhead of $128,300 to production using the company's predetermined overhead rate. 1. 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. Any underapplied or overapplied overhead was closed to Cost of Goods Sold. Required: 1. Post the above transactions to Traccounts. 2. Calculate the adjusted cost of goods sold for the period
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
