Question

TB Problem Qu. 3-242 Eppich Corporation has provided ... 15 points Eppich Corporation has provided the following data for the most recent month: Skipped Raw materials, beginning balance Work in process, beginning balance Finished Goods, beginning balance $19,500 $32,400 $50,400 eBook Transactions: (1) Raw materials purchases $ 79,300 Raw materials used in production (all direct materials) $ 77,700 (3) Direct labor $ 52,400 (4) Manufacturing overhead costs incurred $ 91,500 (5) Manufacturing overhead applied $ 72,400 (6) Cost of units completed and transferred from Work in Process to Finished Goods $190,000 (7) Any overapplied or underapplied manufacturing overhead closed to cost of Goods Sold (8) Finished goods are sold $221,100 Required: Complete the following T-accounts by recording the beginning balances and each of the transactions asted above

Answer 1

Answer is given below

T- Accounts 6) Beg Bal 1) Purchase End Ball Raw material $19,500 $77,700 WIP $79,300 $21,100 Beg Bal 2) Raw material 3) Direct Labor 5) Mfg OH End Bal Work in process $32,400 $190,000 FG $77,700 $52,400 $72,400 $44,900 8) Beg Bal 6) WIP End Bal Finished Goods $50,400 $221,100 $190,000 $19,300 Manufacturing overhead 4) incurred $91,500 $72,400 WIP $19,100 COGS End Ball - $0 8) FG 7) Mfg OH End Bal Cost of Goods Sold $221,100 $19,100 $240,200