Question: please answer all the sub questions Eppich Corporation has provided the following data for the most recent month: Raw materials, beginning balance Work in process,

please answer all the sub questionsplease answer all the sub questions Eppich Corporation has provided the followingdata for the most recent month: Raw materials, beginning balance Work in

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 $ 17,000 $ 31,400 $ 49,400 Transactions: (1) Raw materials purchases $ 79,800 (2) Raw materials used in production (all direct materials) $ 77,200 (3) Direct labor $ 51,400 (4) Manufacturing overhead costs incurred $ 89,000 (5) Manufacturing overhead applied $ 71,400 (6) Cost of units completed and transferred from Work in Process to Finished Goods $ 190,000 (7) Any overapplied or underapplied manufacturing overhead is closed to cost of Goods Sold ? (8) Finished goods are sold $ 219,600 Required: Complete the following T-accounts by recording the beginning balances and each of the transactions listed above. Raw Materials Work in Process Credit Credit Debit Beginning Balance Debit Beginning Balance Ending Balance Ending Balance Finished Goods Credit Manufacturing Overhead Debit Beginning Balance Debit Beginning Balance Credit Ending Balance Ending Balance Cost of Goods Sold Credit Debit Beginning Balance Ending Balance

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!