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

$$17,000$

$$31,400$

$$49,400$

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