hapter 3 Homework Question 1-Graded Chapter Saved Jurvin Enterprises is a manufacturing company that had no beginning inventories. A subset of the transactions that it recorded C recent month is shown below. a. $75,400 in raw materials were purchased for cash. b. $71,700 in raw materials were used in production. Of this amount, $66,800 was for direct materials and the remainder was for indirect materials. c. Total labor wages of $152,500 were incurred and paid. Of this amount, $133,700 was for direct labor and the remainder was fo indirect labor. d. Additional manufacturing overhead costs of $125,300 were incurred and paid. e. Manufacturing overhead of $122,000 was applied to production using the company's predetermined overhead rate. 1. 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. 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. Required 1 Required 2 Post the above transactions to T-accounts. Cash Debit Beginning Balance Ending Balance Debit Beginning Balance O Raw Materials Credit Debit Credit Beginning Balance Ending Balance Work in Process Finished Goods Credit Debit Credit Beginning Balance 217 Prev 1 of 4 Next > MAY 19 N A 3 Homework Debit Credit Beginning Balance Ending Balance Debit Beginning Balance Ending Balance Manufacturing Overhead Saved Debit Credit Beginning Balance Ending Balance Cost of Goods Sold Credit Debit Credit Beginning Balance Ending Balance Required 1 Required 2 > He 1 e. Manufacturing overhead of $122,000 was applied to production using the 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 C nts Skipped eBook 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. Hint Ask Required 1 Required 2 Print References Determine the adjusted cost of goods sold for the period. Adjusted cost of goods sold Mc Gram < Required 1 Required 2