How to complete Various accounts, Account Payable, and Wages payable.

Use T-accounts to show the show of costing in a job-order costing system. During January, Shanker Corporation recorded the following: Raw materials, beginning balance. exist10,000 Work in process, beginning balance exist24,000 Finished Goods, beginning balance exist53,000 Transactions: Raw materials purchases exist63,000 Raw materials used in production (all direct materials)..............exist62,000 Direct labor ..............exist75,000 Manufacturing overhead costs incurred. ....................exist71,000 Manufacturing overhead applied ..............exist66,000 Cost of units completed and transferred from Work in Process to Finished Goods .....................exist195,000 Any overapplied or underapplied manufacturing overhead is closed to Cost of or Goods Sold..................? Finished goods are sold .............exist222,000 Required Prepare T-accounts for Raw Materials, work in Process, Finished Goods, and Manufacturing Overhead, and Cost of Goods Sold. Record the beginning balances and each of the transactions listed above. Finally, determine the ending balances