Question

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, eee $33,800 $51,800 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 () Any overapplied or underapplied manufacturing overhead is closed to cost of Goods Sold (8) Finished goods are sold $ 78,600 $ 78,400 $ 53,800 $ 95, eae $ 73,80e $190, eee $223,200 Required: Complete the following T-accounts by recording the beginning balances and each of the transactions listed above. Raw Materials Work in Process Beg Ba Beg Bal End. Bal End, Bal Finished Goods Manufacturing Overhead

Answer 1

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Solution: Format and Naming convention is not available, can be slightly different: Beginning or ending balance can be put 0 or blank without balance. Beg. Bal. 1) Raw Materials 23000 786001 784001 2) Work in process 33800 78400 190000 53800 738001 Beg. Bal. 2) 3) 5) 6) End. Bal. 23200 End. Bal. 49800 Manufacturing overhead Beg. Bal. Finished Goods 51800 190000 223200 Beg. Bal. 6) 8) 4) 95000 73800 21200 5) 7) End. Bal. 18600 End. Bal. 이 Cost of goods sold Beg. Bal. 8) 7) 223200 21200 End. Bal. 244400