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Schoff Corporation has provided the following data for the most recent month: Raw materials, beginning $ 10,000 balance Work in process, beginning $22,200 balance Finished

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Schoff Corporation has provided the following data for the most recent month: Raw materials, beginning $ 10,000 balance Work in process, beginning $22,200 balance Finished goods, beginning $ 52,400 balance ' Transactions (1) Raw materials purchases 35 75,100 (2)Raw materials used in production (all direct materials) $ 78,400 (3)Direct labor $72,200 (4)Manufacturing overhead costs incurred $82,200 (5)Manufacturing overhead applied $ 76,700 Cost of units completed and transferred from work in process to finished $230,000 goods Any overapplied or underapplied manufacturing overhead is closed to 7 cost of goods sold ' (6) (7) (8)Finished goods are sold $265000 [ Required: Prepare Taccounts for Raw Materials, Work in Process, Finished Goods, Manufacturing Overhead, and Cost of Goods Sold. Record the beginning balances and each of the transactions listed above. Finally, determine the ending balances. (Record the transactions in the given order. Omit the "$" sign in your response.) Raw Materials (Click to select) v |:| Beg. bal (Click to select) v Work in Process (Click to select) v (Click to select) v (Click to select) v (Click to select) v Finished Goods Beg. bal (Click to select) v (Click to select) v |:| Manufacturing Overhead (Click to select) v (Click to select) v |:| (Click to select) v Cost of Goods Sold (Click to select) v (Click to select) v

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