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I need help, thanks. Eppich Corporation has provided the following data for the most recent month: Raw materials, beginning balance $ 23, 500 Work in

I need help, thanks.

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Eppich Corporation has provided the following data for the most recent month: Raw materials, beginning balance $ 23, 500 Work in process, beginning balance $ 34,060 Finished Goods, beginning balance $ 52,000 Transactions: 1) Raw materials purchases 2) Raw materials used in production (all direct materials) $ 78,500 3) Direct labor $ 78, 500 (4) Manufacturing overhead costs incurred $ 54, 000 $ 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. CUIHIVICIC LIC cyIlly Valances allu caulI VI The u alIsacuonIs IIsteu above Raw Materials Work in Process Debit Credit Debit Credit Beginning Balance Beginning Balance Ending Balance Ending Balance Finished Goods Manufacturing Overhead Debit Credit Debit Credit Beginning Balance Beginning Balance Ending Balance Ending Balance Cost of Goods Sold Debit Credit Beginning Balance Ending Balance

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