Prahm Incorporated has provided the following data for August 6 Raw materials, beginning balance $19,000 Work in process, beginning balance $33,000 Finished Goods, beginning balance $52,800 Transactions (1) Raw materials purchases $ 67,000 (2) Raw materials used in production (all direct materials) $ 78,000 (3) Direct labor $ 77,000 (4) Manufacturing overhead costs incurred $ 64,000 (5) Manufacturing overhead applied $ 71,000 (6) cost of units completed and transferred from Work in Process to Finished Goods $255,000 (7) Any overapplied or underapplied manufacturing overhead is closed to cost of Goods Sold (8) Finished goods are sold $294,000 ? Required: Complete the following T-accounts by recording the beginning balances and each of the transactions listed above Exay Ticodigo BI us = III AL 1. 2 3