Question

please help!

Eppich Corporation has provided the following data for the most recent month: Raw materials, beginning balance Work in process, beginning balance Finished Goods, beginning balance $23,500 $34,000 $52,000 Transactions: (1) Raw materials purchases (2) Raw materials used in production (all direct 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 $ 78,90 $ 78,500 $ 54,000 $ 95,500 $ 74,000 $190,000 $223,500 Required: Complete the following T-accounts by recording the beginning balances and each of the transactions listed above. Raw Materials Work in Process Beg. Bal. Beg. Bal. End. Bal. End. Bal.

Answer 1

		Raw materials				Work in Process
	Beg.Bal	23,500				Beg.Bal	34,000
	1)	78,100	78,500	2)		2)	78,500
						3)	54,000
						5)	74,000
								190,000	6)
	End bal	23,100				End bal	50,500
(note raw material figure is hidden behind cursor,
change if required)
	Finished goods					Manufacturing overhead
	Beg.bal	52,000				Beg.bal	0
	6)	190,000				4)	95,500
			223,500	8)				74,000	5)
								21,500	7)
	End bal	18,500				End bal	0
		cost of goods sold
	Be.Bal	0
	7)	21,500
	8)	223,500
	End bal	245000