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Eppich Corporation has provided the following data for the most recent month: Raw materials, beginning...

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Accounting

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Eppich Corporation has provided the following data for the most recent month: Raw materials, beginning balance $20,500 Work in process, beginning $32,800 balance Finished Goods, beginning balance $50,800 Transactions: $ 79, 180 $ 77,900 $ 52,800 $ 92,500 $ 72,800 (1) Raw materials purchases Raw materials used in production (all- 2direct materials) (3) Direct labor (4) Manufacturing overhead costs incurred (5) Manufacturing overhead applied (6) Cost of units completed and transferred from Work in Process to Finished Goods (7) Any overapplied or underapplied manufacturing overhead is closed to cost of Goods Sold (8) Finished goods are sold $190,000 $221.700 Required: Complete the following T-accounts by recording the beginning balances and each of the transactions listed abov Beg. Bal. (1) (2) Raw Materials 20,500 79,100 77,900 Beg. Bal. F(2) 115) (3) 16) End. Bal. Work in Process 32,800 77,900 72.800 52,800 190,000 46,300 End. Bal. 21,700 Beg. Bal. 116) (7) Finished Goods 50.800 190,000 221,700 Manufacturing Overhead Beg. Bal. 92,500 (5) 72,800 End. Bal. 19,100 End. Bal. 19,7001 Beg. Bal. Cost of Goods Sold 240.800 EUR End. Bal. 240,800

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