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Schoff Corporation has provided the following data for the most recent month: Raw materials, beginning balance Work in process, beginning balance Finished goods, beginning balance

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Schoff Corporation has provided the following data for the most recent month: Raw materials, beginning balance Work in process, beginning balance Finished goods, beginning balance $10,700 $ 22,900 52,000 $ Transactions (1) Raw materials purchases $ 75,100 (2)Raw materials used in production (all direct materials) $78,200 (3)Direct labor $ 72,700 (4) Manufacturing overhead costs incurred $82,300 (5) Manufacturing overhead applied $76,000 Cost of units completed and transferred from work in process to finished 225,000 (6) 'goods Any overapplied or underapplied manufacturing overhead is closed to ) cost of goods sold ? 267,000 (8)Finished goods are sold Required: Prepare T-accounts for Raw Materials, Work in Process, Finished Goods, Manufacturing Overhead, and Cost of Goods Sold. Record the beginning balances and each of the transactions listed above. Finally, determine the ending balances. (Record the transactions in the given order. Omit the "$" sign in your response.) Raw Materials (Click to select) Beg. bal (Click to select) End. bal Work in Process (Click to select) Beg, bal (Click to select) (Click to select) (Click to select) End, bal Finished Goods Beg. bal (Click to select) (Click to select) End, bal Manufacturing Overhead (Click to select) (Click to select) (Click to select) Cost of Goods Sold (Click to select) (Click to select) End, bal

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