Basic Cost Flow Model: The following T-accounts represent data from Leopold Lighting's accounting rec- ords. Find the missing items represented by the letters. (Hint: Rearrange accounts to conform with flow of costs.)

BB EB Cost of Goods Sold 82,000 Finished Goods Inventory 46,400 d C Direct Materials Inventory BB a Purchases 18,000 Transferred out 21,000 EB 7,500 Work in Process Inventory BB 6,000 Materials Labor 17,000 58,600 overhead e EB 9,700