Jurvin Enterprises recorded the following transactions for the past month. The company had no beginning inventories. $114.000 In raw materials were purchased for cash. b. $102.000 In raw materlals...

Extracted text: Jurvin Enterprises recorded the following transactions for the past month. The company had no beginning inventories. $114.000 In raw materials were purchased for cash. b. $102.000 In raw materlals were requisitioned for use in production. Of this amount, $88000 was for direct materlals, and the c. Total labour wages of $146.000 were Incurred and pald. Of this amount, S132,000 was for direct labour, and the remainder was for remalnder was for Indirect materlals. Indirect labour. d. Other manufacturing overhead costs of $18,000 were Incurred and paid. e. Manufacturing overhead costs of $112.000 were applied to jobs using the company's predetermined overhead rate. f.All of the jobs in progress at the end of the month were completed and shlpped to customers. g. The underapplied or overapplied overhead for the perlod was closed out to cost of goods sold. Required: 1. Post the preceding transactions to T-accounts. Cash Raw Materials End. bal. Work in Process Finished Goods Manufacturing Overhead Cost of Goods Sold