Question

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) $75,900 in raw materials were purchased for cash

b) $72,600 in raw materials were used in production. Of this amount, $65,600 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, $134,500 was for direct labor and the remainder was for indirect labor.

d) Additional manufacturing overhead costs of $125,500 were incurred and paid.  

e) Manufacturing overhead of $120,500 was applied to production using the company's predetermined overhead rate.

I NEED HELP WITH F G H, I got all the above correct and then part 2

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.

part 2; see below

1. Post the above transactions to T-Accounts

2. Determine the adjusted costs of good sold for the period.

Answer 1

Work In Process
Beg.bal	$0
b	65,600	$320,600	f
c	134,500
e	120,500
End.bal	$0
Finished Goods
Beg.bal	$0
f	320,600	$320,600	g
End.bal	$0
Manufacturing Overhead
Beg.bal	$0
b	7,000	$120,500	e
c	18,000	30,000	h
d	125,500
End.bal	$0
Cost of Goods Sold
Beg.bal	$0
g	320,600
h	30,000
End.bal	$350,600

2.

Adjusted cost of goods sold = $350,600