Question & Answer: Eppich Corporation has provided the following data for the most recent month: 5 Raw materials, beginning balance Work in pro…..

Eppich Corporation has provided the following data for the most recent month: 5 Raw materials, beginning balance Work in process, beginning balance Pinished Goods, beginning balance $23,000 $33,800 $51,800 (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 $ 78,600 S 78,400 $53,800 S 95,000 $ 73,800 $190,000 Process to Finished Goods (7) Any overapplied or underapplied manufacturing overhead is closed to Cost of Goods Sold (8) Finished goods are sold $223,200 Required Complete the following T-accounts by recording the beginning balances and each of the transactions listed aboveQuestion & Answer: Eppich Corporation has provided the following data for the most recent month: 5 Raw materials, beginning balance Work in pro..... 1Question & Answer: Eppich Corporation has provided the following data for the most recent month: 5 Raw materials, beginning balance Work in pro..... 2

Eppich Corporation has provided the following data for the most recent month: 5 Raw materials, beginning balance Work in process, beginning balance Pinished Goods, beginning balance $23,000 $33,800 $51,800 (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 $ 78,600 S 78,400 $53,800 S 95,000 $ 73,800 $190,000 Process to Finished Goods (7) Any overapplied or underapplied manufacturing overhead is closed to Cost of Goods Sold (8) Finished goods are sold $223,200 Required Complete the following T-accounts by recording the beginning balances and each of the transactions listed above

Expert Answer

 

Raw Materials work in process
Beg bal 23,000 2) 78,400 Beg bal 33,800 6) 190,000
1) 78,600 2) 78,400
3) 53,800
end bal 23,200 5) 73,800
end bal 49,800
finished goods Manufacturing overhead
Beg bal 51,800 8) 223,200 4) 95,000 5) 73,800
6) 190,000 7) 21,200
end bal 18,600
Cost of goods sold
Beg bal 0
8) 223,200
7) 21,200
End bal 244400
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