ovided you following information to analyze the transactions. Note the acronyms below. Raw materials: RM Work in process: WIP Finished Goods: FG Direct materials: DM Direct labor: DL Manufacturing overhead: MOH RM, beginning balance WIP, beginning balance FG, beginning balance Transactions: $18,500 $32,000 $50,000 (1) RM purchases (2) RM used in production (all DM) (3) DL (4) MOH costs incurred (5) MOH applied (6) Cost of units completed and transferred from WIP to FG (7) Any overapplied or underapplied MOR is closed to COGS (8) FG are sold $ 79,500 $ 77,500 $ 52,000 $ 90,500 $ 72,000 $190,000 7 $220,500 Required: Complete the following T-accounts by recording the beginning balances and each of the transactions listed above. Raw Materials Beg. Bal. End. Bal. Work In Process Beg. Bal. End. Bal. Finished Goods Beg. Bal. Manufacturing Overhead Beg Bal End. Bal. Cost of Goods Sold Beg. Bal End. Bal. End. Bal