Eppich Corporation has provided the following data for the most recent month:

Raw materials, beginning balance	$	23,500
Work in process, beginning balance	$	34,000
Finished Goods, beginning balance	$	52,000

Transactions:

(1)	Raw materials purchases	$	78,500
(2)	Raw materials used in production (all direct materials)	$	78,500
(3)	Direct labor	$	54,000
(4)	Manufacturing overhead costs incurred	$	95,500
(5)	Manufacturing overhead applied	$	74,000
(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	$	223,500

Required:

Complete the following T-accounts by recording the beginning balances and each of the transactions listed above.

Raw Materials					Work in Process
Beg. Bal.					Beg. Bal.
End. Bal.					End. Bal.
Finished Goods					Manufacturing Overhead
Beg. Bal.					Beg. Bal.
End. Bal.					End. Bal.
Cost of Goods Sold
Beg. Bal.
End. Bal.