*** ANSWER QUESTIONS USING FORMAT PROVIDED ***

Reimel Furniture Company, Inc., incurred the following costs during 20x2.

Raw material used	$	174,000
Direct labor		320,000

During 20x2, manufacturing overhead of $180,000 was applied to production. Products costing $120,000 were finished, and products costing $132,000 were sold on account for $195,000. There were no purchases of raw material during the year. The beginning balances in the firms inventory accounts are as follows:

Raw material	$	227,000
Work in process		16,000
Finished goods		30,000

Required: 1. Prepare T-accounts to show the flow of costs through the company's manufacturing accounts during 20x2. Raw Material Inventory Work-in-Process Inventory Beg. Bal. Beg. Bal. Direct material Direct labor Manufacturing overhead End. Bal. End. Bal. Wages Payable Manufacturing Overhead Beg. Bal. Beg. Bal. End. Bal. End. Bal. Finished-Goods Inventory Sales Revenue Beg. Bal. Beg. Bal. End. Bal. End. Bal. Accounts Receivable Cost of Goods Sold Beg. Bal. Beg. Bal End. Bal. End. Bal