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 $ 174,000 324,000 180,000 During 20x2, products costing $120,000 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: ce Raw material Work in process Finished goods 5 227,000 18.000 30,000 Required: 1. Prepare T-accounts to show the flow of costs through the company's manufacturing accounts during 20x2. Work in Process Inventory Raw Material Inventory Beg Bal Beg Bal Direct material Direct labor 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 Beg Bal Direct material Direct labor Manufacturing overhead End. Bal End Bal Wages Payable Manufacturing Overhead Beg Bal Beg Bal End Bal End Bal Finished Goods Inventory Sales Revenue Beg Bal Bag Ball (End Bal End Bal Sales Revenue Finished Goods Inventory Beg Bal End Bal Cost of Goods Sold Accounts Receivable Beg Bal End. Bal