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 $26,000 $35,000 $53,000 Transactions: aterials purchases (1) Raw m (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 $78,000 $79,000 55,000 $ 98,000 75,000 $190,000 Process to Finished Good (7) Any overapplied or underapplied manufacturing overhead is closed to Cost of Goods Sold (8) Pinished goods are sold $225,000 Required: Complete the following T-accounts by recording the beginning balances and each of the transactions listed above Raw Materials 26,000 78,000 Work in Process Beg. Bal Beg. Bal 35,000 79,000 55,000 75,000 79,000 190,000 ((6) End. Bal 25,000 End. Bal 54,000 Finished Goods Manufacturing Overhead 53,000 190,000 Beg. Bal Beg. Bal 225,000 (8) 98,000 75,000 (5) 23,000 (7) End. Bal 18,000 End. Bal Cost of Goods Sold Beg. Bal 23,000 225,000 End. Bal 248,000