1. Prepare T-accounts to show the flow of costs through the companys manufacturing accounts during 20x2. 2. Prepare a partial balance sheet and a partial income statement to reflect the information given above.

Reimel Furniture Company, Inc., incurred the following costs during 20x2. Raw material used Direct labor $173,000 322,000 During 20x2, manufacturing overhead of $170,000 was applied to production. Products costing $122,000 were finished, and products costing $132,000 were sold on account for $197,000. There were no purchases of raw material during the year. The beginning balances in the firm's inventory accounts are as follows: Raw material Work in process Finished goods $225,000 14,000 30,000