Raw Materials Debit Credit Beginning Balance 4,750 4,950 8,500 Work in Process Debit Beginning Balance Credit 21,950 3,850 5,950 8,250 8,050 Finished Goods Debit Beginning Balance Credit 1,950 21,950 20,150 Manufacturing Overhead Debit Credit 8,050 2,550 3,250 2,950 Wages & Salaries Payable Debit Credit 20,150 Beginning Balance 2,250 11,500 Cost of Goods Sold Credit Debit Beginning Balance 20, 150 The manufacturing overhead was