Flow Of Costs Through T Accounts. The Emerson Company had the following inventories at the beginning and end of January: LO1 January 1 January 31 Materials. $10,000 $38,000 Work in Process. ? 110,000 Finished Goods. 50,000 150,000 During January, the cost of materials purchased was $138,000 and factory overhead of $90,000 was applied at a rate of 50% of direct labor cost. January cost of goods sold was $200,000.

Required: Prepare completed T accounts showing the flow of the cost of goods manufactured and sold.