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Required Information [The following information applies to the questions displayed below.) Reimel Furniture Company, Inc., Incurred the following costs during 20x2. material wed Direct labor

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Required Information [The following information applies to the questions displayed below.) Reimel Furniture Company, Inc., Incurred the following costs during 20x2. material wed Direct labor $172,000 323,000 During 20x2, manufacturing overhead of $180,000 was applied to production Products costing 5122,000 were finished, and products costing $132.000 were sold on account for $193,000. There were no purchases of raw material during the year. The beginning balances in the firm's inventory accounts are as follows: ww Work in proces Tinished goods $225,000 16,000 10.000 Required: 1. Prepare Taccounts to show the flow of costs through the company's manufacturing accounts during 20x2 Raw Material inventory Work in Process Inventory De Bell Direct mail Director Manged Endbal Endal Wages Payable Manufacturing Overhead Beg Bal Beg Bal End Bal End Bal Finished Goods Inventory Sales Revenue Beg Bal Beg Bal + End Bal End B Accounts Receivable Cost of Goods Sold Beg Bal End Bal End Bal

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