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can you please correct these? ill give a like. Thanks. Eppich Corporation has provided the following data for the most recent month: Raw materials, beginning
can you please correct these? ill give a like. Thanks.
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 $24,000 $34,200 $52,200 Transactions: (1) Raw materials purchases (2) Raw materials used in production (all direct materials) (3) Direct labor (4) Manufacturing overhead costs incurred (5) Manufacturing overhead applied (6) Cost of units completed and transferred from Work in Process to Finished Goods (7) Any overapplied or underapplied manufacturing overhead is closed to cost of Goods Sold (8) Finished goods are sold $ 78,400 $ 78,600 $ 54,200 $ 96,000 $ 74,200 $190,000 $223,800 Required: Complete the following T-accounts by recording the beginning balances and each of the transactions listed above. Answer is complete but not entirely correct. Beg. Bal. Raw Materials 17,500 X 79,700 X 77,300 X (6) Beg. Bal. (2) (3) (5) (6) Work in Process 31,600 X 77,300 $ 190,000 51,600 71,600 X End. Bal. 19,900 End. Bal. 42,100 Beg. Bal. (6) Finished Goods 49,600 X 190,000 219,900 (8) Beg. Bal. (4) 0 Manufacturing Overhead 0 89,500 71,600 X 17,900 X (5) (7) End. Bal. 19,700 End. Bal. O Beg. Bal. (8) Cost of Goods Sold 0 219,900 17,900 X End. Bal. 237,800Step by Step Solution
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