Question

TB Problem Qu. 3-242 Eppich Corporation has provided ... 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 $25,500 $34,800 $52,800 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 (7) Any overapplied or underapplied manufacturing overhead is closed to cost of Goods Sold (8) Finished goods are sold $ 78,100 $ 78,900 $ 54,800 $ 97,500 $ 74,800 $190,000 $ 224,700 Required: Complete the following T-accounts by recording the beginning balances and each of the transactions listed above.

Answer 1

Answer → Complete the following T-accounts by recording the beginning balances and each of the transactions Raw Materials Beg.Bal. $25500/WIP Cash (purchasi) $ 78100 $78900 Work in process Beg Bal. $34800 Finished goods $190.000 Raw Materials $78900 Direct laboy $54800 Manufacturing $ 7-4800 overlesd End Bal $24700 End Bal. 53300

Manufacturing overhead Finished goods Bag. Bal. $52.800 cost of g uds $229707 WIPC transfo) $19000 Sold Beg.Bal. - WIP $74.800 Cash (InCurre) $97.500 cost of goods $122700 Sold End Bal. E10200 End Bal. Cost of Goods sold Beg.Bal. Finished goods $224700 Manufacturing $ 22700 overhead End Bal. 244400