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.$94,000 in raw materials were purchased for cash. b.$89,000 in raw materials were used in production. Of this amount, $78,000 was for direct materials and the remainder was for indirect materials. c.Total labor wages of $132,000 were incurred and paid. Of this amount, $112,000 was for direct labor and the remainder was for indirect labor. d. Additional manufacturing overhead costs of
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.$94,000 in raw materials were purchased for cash. b.$89,000 in raw materials were used in production. Of this amount, $78,000 was for direct materials and the remainder was for indirect materials. c.Total labor wages of $132,000 were incurred and paid. Of this amount, $112,000 was for direct labor and the remainder was for indirect labor. d. Additional manufacturing overhead costs of
Chapter1: Financial Statements And Business Decisions
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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.$94,000 in raw materials were purchased for
cash.
b.$89,000 in raw materials were used in
production. Of this amount, $78,000 was for
direct materials and the remainder was for
indirect materials.
c.Total labor wages of $132,000 were incurred
and paid. Of this amount, $112,000 was for
direct labor and the remainder was for indirect
labor.
d. Additional manufacturing overhead costs of
$143,000 were incurred and paid.
Post the above transactions to T-accounts.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F50f50b6f-0019-4062-bfab-5a753068acdc%2F761bcf11-ba07-4a9e-81ea-8bfbd0a80835%2Fanvnyiq_processed.jpeg&w=3840&q=75)
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.$94,000 in raw materials were purchased for
cash.
b.$89,000 in raw materials were used in
production. Of this amount, $78,000 was for
direct materials and the remainder was for
indirect materials.
c.Total labor wages of $132,000 were incurred
and paid. Of this amount, $112,000 was for
direct labor and the remainder was for indirect
labor.
d. Additional manufacturing overhead costs of
$143,000 were incurred and paid.
Post the above transactions to T-accounts.
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