1 answer

4 Jurvin Enterprises is a manufacturing company that had no beginning inventories. A subset of the...

Question:

4 Jurvin Enterprises is a manufacturing company that had no beginning inventories. A subset of the transactions that it recor

4 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, 42.5 points X 00:15:41 a. $75,900 in raw materials were purchased for cash. b. $72,300 in raw materials were used in production. Of this amount, $65,800 was for direct materials and the remainder was for indirect materials. c. Total labor wages of $150,500 were incurred and paid. Of this amount, $134,800 was for direct labor and the remainder was for indirect labor. d. Additional manufacturing overhead costs of $126,800 were incurred and paid. e. Manufacturing overhead of $121,000 was applied to production using the company's predetermined overhead rate. 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. Print References Required: 1. Post the above transactions to T-accounts. 2. Determine the adjusted cost of goods sold for the period. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Post the above transactions to T-accounts. Cash Raw Materials Beg. bal. Beg. bal. 75,900 72,300 b. 75,900 a. 150,500 400 oon

Answers

Requirement (1) Particulars Particulars Amount $0 Cash Amount $75,900 $150,500 $126,800 Particulars Beg Bal Raw Materials Amo

.

Similar Solved Questions

1 answer
What areas will ai affect most and what significant changes if any will it bring to...
What areas will ai affect most and what significant changes if any will it bring to life as we know it today. Please drop the sources from where you retrieved the information from....
1 answer
Chemistry
Na2CO3+Ca(NO3)2⟶CaCO3+2NaNO3 what mass of calcium carbonate is produced from 1.651.65 mol of sodium carbonate?...
1 answer
Objects with masses of 130 kg and a 430 kg are separated by 0.360 m. (a)...
Objects with masses of 130 kg and a 430 kg are separated by 0.360 m. (a) Find the net gravitational force exerted by these objects on a 40.0-kg object placed midway between them. magnitude ____ N What is the Direction: a.toward the 130kg mass b. toward the 430kg mass c. the magnitude is zero (...
1 answer
Question 1: Read the articles (i) Cost structure of the airline industry in general (ii) Cost...
Question 1: Read the articles (i) Cost structure of the airline industry in general (ii) Cost structure of a low-cost carrier (Air Asia India) Answer this question: Compare and contrast the cost structure of (i) the airline industry in general and (ii) the low-cost carrier, in terms of cost classifi...
1 answer
Describe three Pharmacological actions of morphine that make the drug dangerous using Mu, Kappa, and Delta...
Describe three Pharmacological actions of morphine that make the drug dangerous using Mu, Kappa, and Delta receptors. What are the chemical differences between morphine, heroin, and codeine?...
1 answer
The cost, in millions of dollars, to remove x % of pollution in a lake modeled by
1. The cost, in millions of dollars, to remove x % of pollution in a lake modeled by...
1 answer
Below is a series of cost of goods sold sections for companies B, M, o, and...
Below is a series of cost of goods sold sections for companies B, M, o, and S. Fill in the lettered blanks to complete the cost of goods sold sections. Beginning inventory $ 280 $ 134 $ 784 Purchases 1,680 1,210 (9) 48,821 Purchase returns and allowances 325 Net purchases (a) 1,165 8,299 47,365 Frei...
1 answer
On January 31, 1988, when the Montana Corporation's stock 7. was selling at $36 per share,...
On January 31, 1988, when the Montana Corporation's stock 7. was selling at $36 per share, its capital accounts were as follows: Capital stock (par value $20; 100,000 shares issued) $2,000,000 Premium on Capital Stock 800,000 Retained Earnings 4,550,000 If the corporation declares a 100% stock d...
1 answer
I need help on question 9. 20 Time Value of Money Exercise: Question 1: Assume you...
I need help on question 9. 20 Time Value of Money Exercise: Question 1: Assume you deposit $700 every three months at a 6 percent annual rate, compounded quarterly. How much will you have at the end of 20 years? Question 2 You borrow a five-year $13,000 loan with monthly payments of $250. What is th...
1 answer
Exercise 10-12 Installment note amortization table LO C1 On January 1, 2019, Eagle Company borrows $32,000...
Exercise 10-12 Installment note amortization table LO C1 On January 1, 2019, Eagle Company borrows $32,000 cash by signinga four-year, 9% installment note. The note requires four equal payments of $9,877, consisting of accrued interest and principal on December 31 of each year from 2019 through 2022...
1 answer
Suppose that the index model for stocks A and B is estimated from excess returns with...
Suppose that the index model for stocks A and B is estimated from excess returns with the following results: RA = 2.5% + 0.60RM + EA RB = -1.5% + 0.7 RM + EB OM = 19%; R-square A = 0.24; R-squares = 0.18 Break down the variance of each stock to the systematic and firm-specific components. (Do not ro...
1 answer
Im unsure how to fill out this table. please help! AutoSave H. FINI FOF Assignment Search...
im unsure how to fill out this table. please help! AutoSave H. FINI FOF Assignment Search Michael Nikolovski File Home Insert Drow Page Layout Formulas Data Review View Help Shape Format X lb- Calibri (Body Insert waste BTUDS -A A 25 Wrap Text - A - EEE Merge & Center Alignment 27 $ - % *88...
1 answer
What are the electrical and mechanical happenings in the heart during junctional tachycardia?
what are the electrical and mechanical happenings in the heart during junctional tachycardia?...
1 answer
1.0 A diffuse surface at T = (9400) K. has the spectral, hemispherical emissivity illustrated. Determine...
1.0 A diffuse surface at T = (9400) K. has the spectral, hemispherical emissivity illustrated. Determine the following: E2 0.8 2. = 2 um 12 = 5 um a. the total, hemispherical emissivity is ε = (+0.001) E, () E1 0.4 b. the total emissive power is E = kW/m² (+0.1%) 0 2 5 (um)...
1 answer
Chuck, a single taxpayer, earns $143,500 in taxable income and $34,000 in interest from an investment...
Chuck, a single taxpayer, earns $143,500 in taxable income and $34,000 in interest from an investment in City of Heflin bonds. (Use the U.S. tax rate schedule.) Required: a. If Chuck earns an additional $65,500 of taxable income, what is his marginal tax rate on this income? b. What is his marginal ...