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.
Required:
| Cash | Raw material | ||||||
| Beg.Bal. | $ | $75,700 | 1 | Beg.Bal. | $0 | ||
| 152,400 | 3 | 1 | 75,700 | $66,200 | 2 | ||
| 125,200 | 4 | 6,600 | 2 | ||||
| End.Bal. | $2,900 | ||||||
| Work in process | Finished Goods | ||||||
| Beg.Bal. | $0 | Beg.Bal. | $0 | ||||
| 2 | 66,200 | $330,400 | 6 | 6 | 330,400 | ||
| 3 | 134,400 | $330,400 | 7 | ||||
| 5 | 129,800 | End.Bal. | $0 | ||||
| Cost of Goods Sold | Manufacturing Overhead | ||||||
| Beg.Bal. | $0 | Beg.Bal. | $0 | ||||
| 7 | 330,400 | 2 | 6,600 | $129,800 | 5 | ||
| 8 | 20,000 | 3 | 18,000 | ||||
| 4 | 125,200 | ||||||
| End.Bal. | $20,000 | ||||||
Adjusted cost of goods sold = Unadjusted cost of goods sold + Under applied overhead
Adjusted cost of goods sold = $330,400+20,000 = $350,400
Jurvin Enterprises is a manufacturing company that had no beginning inventories. A subset of the transactions...
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. $76,500 in raw materials were purchased for cash. $72,400 in raw materials were used in production. Of this amount, $66,200 was for direct materials and the remainder was for indirect materials. Total labor wages of $151,100 were incurred and paid. Of this amount, $133,700 was for direct labor and the remainder was for indirect...
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. $75,300 in raw materials were purchased for cash. $71,300 in raw materials were used in production. Of this amount, $65,100 was for direct materials and the remainder was for indirect materials. Total labor wages of $152,200 were incurred and paid. Of this amount, $133,700 was for direct labor and the remainder was for indirect...
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. $75,600 in raw materials were purchased for cash. $72,200 in raw materials were used in production. Of this amount, $65,500 was for direct materials and the remainder was for indirect materials. Total labor wages of $151,500 were incurred and paid. Of this amount, $134,100 was for direct labor and the remainder was for indirect...
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. $75,700 in raw materials were purchased for cash. $73,000 in raw materials were used in production. Of this amount, $66,100 was for direct materials and the remainder was for indirect materials. Total labor wages of $152,300 were incurred and paid. Of this amount, $133,300 was for direct labor and the remainder was for indirect...
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. $75,400 in raw materials were purchased for cash. $71,100 in raw materials were used in production. Of this amount, $66,200 was for direct materials and the remainder was for indirect materials. Total labor wages of $151,100 were incurred and paid. Of this amount, $134,000 was for direct labor and the remainder was for indirect...
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. $75,900 in raw materials were purchased for cash. $72,600 in raw materials were used in production. Of this amount, $66,400 was for direct materials and the remainder was for indirect materials. Total labor wages of $152,200 were incurred and paid. Of this amount, $134,100 was for direct labor and the remainder was for indirect...
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. $75,700 in raw materials were purchased for cash. $72,300 in raw materials were used in production. Of this amount, $66,400 was for direct materials and the remainder was for indirect materials. Total labor wages of $150,600 were incurred and paid. Of this amount, $133,800 was for direct labor and the remainder was for indirect...
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. $76,600 in raw materials were purchased for cash. $72,300 in raw materials were used in production. Of this amount, $65,400 was for direct materials and the remainder was for indirect materials. Total labor wages of $150,300 were incurred and paid. Of this amount, $133,900 was for direct labor and the remainder was for indirect...
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. $75,300 in raw materials were purchased for cash. $71,500 in raw materials were used in production. Of this amount, $67,000 was for direct materials and the remainder was for indirect materials. Total labor wages of $152,200 were incurred and paid. Of this amount, $134,800 was for direct labor and the remainder was for indirect...
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. $94,000 in raw materials were purchased for cash. $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. 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...