Raw materials purchases Saved (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 Required: Complete the following T-accounts by recording the beginning balances and each of the transactions listed above. Work in Process Raw Materials Debit Credit Debit Beginning Balance Beginning Balance $ 69,000 $ 81,000 $ 18,000 $ 74,000 $ 93,000 256,000 $ 292,000 Gradh Ending Balance Finished Goods Ending Balance Deblt Beginning Balance Manufacturing Overhead Credit Credit Debit Beginning Balance Ending Balance Ending Balance Debit Beginning Balance Cost of Goods Sold Credit Ending Balance