Eppich Corporation has provided the following data for the most recent month: Raw materials, beginning balance$25,000 Work in process, beginning balance$34,600 Finished Goods, beginning balance$52,600 Transactions: (1)Raw materials purchases$78,200 (2)Raw materials used in production (all direct materials)$78,800 (3)Direct labor$54,600 (4)Manufacturing overhead costs incurred$97,000 (5)Manufacturing overhead applied$74,600 (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$224,400 Required: Complete the following T-accounts by recording the beginning balances and each of the transactions listed above.