32 Eppich Corporation has provided the following data for the most recent month: Raw materials, beginning balance Work in process, beginning balance Finished Goods, beginning balance Transactions: (1) Raw materials purchases (2) Raw materials used in production (all direct materials) (3) Direct labor $ 78,000 $ 79,000 $ 55,000 (4) Manufacturing overhead costs incurred $ 98,000 (5) Manufacturing overhead applied $ 75,000 (6) Cost of units completed and transferred from Work in Process to Finished Goods $ 190,000 (7) Any overapplied or underapplied manufacturing overhead is closed to Cost of Goods Sold (8) Finished goods are sold ? $ 225,000 Required: Complete the following T-accounts by recording the beginning balances and each of the transactions listed above. Beginning Balance (1) Ending Balance Debit Ending Balance Beginning Balance Debit Ending Balance Debit Beginning Balance Raw Materials 26,000 78,000 104,000 Finished Goods Cost of Goods Sold $ 26,000 $ 35,000 $ 53,000 Credit Credit Credit Beginning Balance Ending Balance Debit Beginning Balance Ending Balance Debit Work in Process Manufacturing Overhead 0 Credit Credit