The following transactions occurred in April at Steves Cabinets, a custom cabinet firm.

Purchased $20,000 of materials on account.

Issued $1,200 of supplies from the materials inventory.

Purchased $12,000 of materials on account.

Paid for the materials purchased in transaction (1) using cash.

Issued $14,400 in direct materials to the production department.

Incurred direct labor costs of $24,000, which were credited to Wages Payable.

Paid $22,000 cash for utilities, power, equipment maintenance, and other miscellaneous items for the manufacturing plant.

Applied overhead on the basis of 120 percent of $24,000 direct labor costs.

Recognized depreciation on manufacturing property, plant, and equipment of $10,800.

The following balances appeared in the accounts of Steves Cabinets for April.

Beginning

Ending

Materials Inventory

$

30,840

?

Work-in-Process Inventory

7,400

?

Finished Goods Inventory

34,000

$

29,040

Cost of Goods Sold

53,880

Prepare T-accounts to show the flow of costs during the period from Materials Inventory through Cost of Goods Sold.

Materials Inventory					Work-In-Process Inventory
Beg. bal.	30,840				Beg. bal.	7,400
1.	20,000	1,200	2.		5.	14,400		Finished Goods
3.	12,000	14,400	5.		6.	24,000
					8.	28,800
End. bal.	47,240
					End. bal.	74,600
Manufacturing Overhead Control					Applied Manufacturing Overhead
Beg. bal.					Beg. bal.	0
2.	1,200						28,800	8.
7.	22,000
9.	10,800				End. bal.		28,800
End. bal.	34,000
Accounts Payable					Cash
Beg. bal.	0				Beg. bal.	0
4.	20,000	20,000	1.				20,000	4.
		12,000	3.				22,000	7.
End. bal.		12,000			End. bal.		42,000
Wages Payable					Accumulated DepreciationProperty, Plant, and Equipment
Beg. bal.	0				Beg. bal.	0
		24,000	6.				10,800	9.
End. bal.		24,000			End. bal.		10,800
Finished Goods Inventory					Cost of Goods Sold
Beg. bal.	34,000				Beg. bal.	0
Goods completed		53,880	Transfer to Cost of Goods Sold		Finished Goods Inventory	53,880
End. bal.		19,880			End. bal.	53,880

• I need help determining the finished goods and goods completed