Please do not give solution in image format thanku SJurvin Enterprises is a manufacturing company that had no beginning inventories. A subset of the transactions that it recorded during arecent month is shown below.a. $75,600 in raw materials were purchased for cash.b. $72.700 in raw materials were used in production. Of this amount, $66,300 was for direct materials and the remainder was forIndirect materials.c. Total labor wages of $150,600 were incurred and paid. Of this amount, $134,000 was for direct labor and the remainder was forindirect labor.d. Additional manufacturing overhead costs of $125,300 were incurred and paid.e. Manufacturing overhead of $126.300 was applied to production using the company's predetermined overhead rate.t. 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.Beginning BalanceEnding BalanceDebitEnding BalanceBeginning BalanceDebitEnding BalanceDebitBeginning BalanceCashWork in ProcessManufacturing OverheadCreditCreditRequired 1 Required 2CreditBeginning BalanceEnding BalanceDebitEnding BalanceBeginning BalanceDebitEnding BalanceDebitBeginning BalanceRaw MaterialsRequired:1. Post the above transactions to T-accounts.2. Determine the adjusted cost of goods sold for the period.Determine the adjusted cost of goods sold for the period.Adjusted cost of goods soldFinished Goods< Required 1Cost of Goods SoldCreditComplete this question by entering your answers in the tabs below.CreditCreditRequired 2 >

Unadjusted Cost of goods sold = Materials Used + Direct Labor + Manufacturing Overhead Applied…

Answered: Required: 1. Post the above…

Business

Accounting

Required: 1. Post the above transactions to T-accounts, 2. Determine the adjusted cost of goods sold for the period.

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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