Required information The following information applies to the questions displayed below Reimel Furniture Company, Inc. incurred the following costs during 20x2. Direct material used Direct labor Manufacturing overhead $173,000 320,000 160,000 During 20x2, products costing $122,000 were finished, and products costing $132,000 were sold on account for $197,000. There were no purchases of raw material during the year. The beginning balances in the firm's inventory accounts are as follows: Raw material Work in process Finished goods $226,000 14,000 30,000 Required: 1. Prepare T-accounts to show the flow of costs through the company's manufacturing accounts during 20x2. Raw-Material Inventory Work-in-Process Inventory Beg. Bal. Direct material Direct labor Manufacturing overhead Beg. Bal End. Bal. End. Bal. Wages Payable Manufacturing Overhead Beg. Bal Beg. Bal. End. Bal. End. Bal. Finished-Goods Inventory Sales Revenue Beg. Ba. Beg. Bal End. Bal. End. Bal. Wages Payable Manufacturing Overhead Beg. Bal. Beg. Bal End. Bal. End. Bal. Finished-Goods Inventory Sales Revenue Beg. Bal. Beg. Bal. End. Bal End. Bal. Accounts Receivable Cost of Goods Sold Beg. Bal Beg. Bal. End. Bal. End. Bal