During May, Sharpton Corporation recorded the following:
	Raw materials, beginning balance	$	20,000
	Work in process, beginning balance	$	35,000
	Finished Goods, beginning balance	$	55,000
Transactions:
a	Raw materials purchases, on account	$	55,000
b	Raw materials used in production (direct: 60,000; indirect: 13,000)	$	73,000
c	Direct labor cost used	$	60,000
d	Indirect labor cost used		25,000
e	Other manufacturing overhead costs incurred (i.e., utility, tax, etc.)	$	75,000
f	Manufacturing overhead applied	$	109,000
g	Cost of units completed and transferred from Work in Process to Finished Goods	$	253,000
h	Any overapplied or underapplied manufacturing overhead is closed to Cost of Goods Sold		?
i	Finished goods are sold (Revenue is $650,000 in Cash)	$	300,000

2.

Prepare T-Accounts for Work in Process and Manufacturing overhead, showing the ending balances
	WIP
	Mfg. OH