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Reimel Furniture Company, Inc., incurred the following costs during 202. During 202, manufacturing overhead of $160,000 was applied to production. Products costing $122,000 were finished,

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Reimel Furniture Company, Inc., incurred the following costs during 202. During 202, manufacturing overhead of $160,000 was applied to production. Products costing $122,000 were finished, and products costing $132,000 were sold on account for $195,000. There were no purchases of raw material during the year. The beginning balances in the firm's inventory accounts are as follows: Exercise 3-31 Part 1 Required: 1. Prepare T-accounts to show the flow of costs through the company's manufacturing accounts during 202. Required: 1. Prepare T-accounts to show the flow of costs through the company's manufacturing accounts during 202. \begin{tabular}{|l|l|l|} \hline End. Bal. & & \\ \hline Beg. Bal. & & \\ \hline \end{tabular}

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