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Eppich Corporation has provided the following data for the most recent month: Raw materials, beginning balance $ 21,000 Work in process, beginning balance $ 33,000

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

Raw materials, beginning balance $ 21,000
Work in process, beginning balance $ 33,000
Finished Goods, beginning balance $ 51,000

Transactions:

(1) Raw materials purchases $ 79,000
(2) Raw materials used in production (all direct materials) $ 78,000
(3) Direct labor $ 53,000
(4) Manufacturing overhead costs incurred $ 93,000
(5) Manufacturing overhead applied $ 73,000
(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 $ 222,000

Required:

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

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