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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. $76,900 in raw materials were purchased for cash. b. $71,900 in raw materials were used in production. Of this amount. $65,400 was for direct materials and the remainder was for indirect materials. c. Total labor wages of $150,000 were incurred and paid. Of this amount, $134,300 was for direct labor and the remainder was for indirect labor. d. Additional manufacturing overhead costs of $126,400 were incurred and paid. e. Manufacturing overhead of $123,600 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.

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. $76,900 in raw materials were purchased for cash. b. $71,900 in raw materials were used in production. Of this amount. $65,400 was for direct materials and the remainder was for indirect materials. c. Total labor wages of $150,000 were incurred and paid. Of this amount, $134,300 was for direct labor and the remainder was for indirect labor. d. Additional manufacturing overhead costs of $126,400 were incurred and paid. e. Manufacturing overhead of $123,600 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.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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please help. see both images. i keep trying and messing at least one part up 

Post the above transactions to T-accounts. Cash Raw Materials Beg. bal. Beg. bal. End. bal. End, bal. Work in Process Finished Goods Beg. bal. Beg. bal. End. bal. End. bal. Cost of Goods Sold Manufacturing Overhead Beg. bal. Beg. bal. End. bal. End. bal.
Transcribed Image Text:Post the above transactions to T-accounts. Cash Raw Materials Beg. bal. Beg. bal. End. bal. End, bal. Work in Process Finished Goods Beg. bal. Beg. bal. End. bal. End. bal. Cost of Goods Sold Manufacturing Overhead Beg. bal. Beg. bal. End. bal. End. bal.
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. $76,900 in raw materials were purchased for cash. b. $71,900 in raw materials were used in production. Of this amount. $65,400 was for direct materials and the remainder was for indirect materials. c. Total labor wages of $150,000 were incurred and paid. Of this amount, $134,300 was for direct labor and the remainder was for indirect labor. d. Additional manufacturing overhead costs of $126,400 were incurred and paid. e. Manufacturing overhead of $123,600 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.
Transcribed Image Text: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. $76,900 in raw materials were purchased for cash. b. $71,900 in raw materials were used in production. Of this amount. $65,400 was for direct materials and the remainder was for indirect materials. c. Total labor wages of $150,000 were incurred and paid. Of this amount, $134,300 was for direct labor and the remainder was for indirect labor. d. Additional manufacturing overhead costs of $126,400 were incurred and paid. e. Manufacturing overhead of $123,600 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.
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