Part 2 (approx. 20 minutes): Practice Exam 2 Problem - You may use Excel for this part if you use the columnar method Perdew Corporation incurred the following transactions during the period. All beginning balances are 0. A. Paid cash to purchase Raw Materials worth $46,300 B. Raw materials of $36,000 were requisitioned to the factory $6,800 were indirect materials the remainder were direct materials C. Factory labor costs incurred were $55,900, time tickets indicated that $50,000 was for direct labor and $5,900 was for indirect labor, D. Manufacturing overhead costs incurred were $80,500. (These are the actual costs.) E. Manufacturing overhead was applied at a rate of 150% of direct labor cost. F. Goods costing $88,000 were completed and transferred to finished goods. G. Finished goods costing $75,000 to manufacture were sold to customers. H. Close the MOH account to COGS. Required: Demonstrate that you understand how costs flow through the accounting system by posting to t-accounts or use the columnar method to post each of these transactions to the following accounts (identify the transaction by letter next to the amount); Raw Materials (RM) Work in Process (WIP) Finished Goods (FG) Manufacturing Overhead Control Account (MOH) Cost of Goods Sold (COGS) You may add additional accounts if it helps you but I will only grade the entries to the listed accounts