During January, Shanker Corporation recorded the following: Raw materials, beginning balance $10,000 Work in process, beginning balance $24,000 Finished Goods, beginning balance $53,000 Transactions: (1) Raw materials purchases $63,000 (2) Raw materials used in production (all direct materials) $62,000 (3) Direct labor $75,000 (4) Manufacturing overhead costs incurred $71,000 (5) Manufacturing overhead applied $66,000 (6) Cost of units completed and transferred from Work in Process to Finished Goods $195,000 (7) Any overapplied or underapplied manufacturing overhead is closed to Cost of Goods Sold ? (8) Finished goods are sold $222,000 Required: Prepare T-accounts for Raw Materials, Work in Process. Finished Goods, and Manufacturing Overhead, and Cost of Goods Sold. Record the beginning balance and each of the transactions listed above. Finally, determine the ending balances