Prahm Incorporated has provided the following data for August: Raw materials, beginning balance Work in process, beginning balance Finished Goods, beginning balance Transactions: (1) Raw materials purchases (2) Raw materials used in production (all direct materials) (3) Direct labor (4) Manufacturing overhead costs incurred (5) Manufacturing overhead applied (6) Cost of units completed and transferred from Work in Process to Finished Goods (7) Any overapplied or underapplied manufacturing overhead is closed to Cost of Goods Sold (8) Finished goods are sold Debit Beginning Balance Ending Balance $ 19,200 $ 35,000 $ 53,000 Raw Materials Required: Complete the following T-accounts by recording the beginning balances and each of the transactions listed above. Credit Beginning Balance Ending Balance $ 69,000 $ 80,200 $ 79,000 Debit $ 66,100 $ 73,500 $ 256,000 ? $ 306,000 Work in Process Credit

Prahm Incorporated has provided the following data for August: Transactions: Required: Complete the following T-accounts by recording the beginning balances and each of the transactions listed above