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Please add in corresponding numbers with sums of money entered. Thanks!
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 $20,500 $32,800 $50,800 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 $79,100 $77,900 $52,800 $ 92,500 $72,800 $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 $221,700
Expert Answer
| Raw Material | |||
| Beginning balance | 20,500 | Ending Inventory (Balance) | 21,700 |
| Material Purchased | 79,100 | Raw material used in production | 77,900 |
| 99,600 | 99,600 | ||
| Work in progress | |||
| Beginning Inventory | 32,800 | Ending Inventory (Balance) | 46,300 |
| Raw materail used in production | 77,900 | Cost of good manufactured | 1,90,000 |
| Manufacturing overhead | 72,800 | ||
| Direct Labour | 52,800 | ||
| 2,36,300 | 2,36,300 | ||
| Manufacturing Overhead | |||
| Overhead Incurred | 92,500 | Overhead applied | 72,800 |
| Cost of good sold | 19,700 | ||
| 92,500 | 92,500 | ||
| Finished Goods | |||
| Beginning balance | 50,800 | Cost of good sold | 2,40,800 |
| Cost of goods manufactured | 1,90,000 | ||
| 2,40,800 | 2,40,800 | ||
| Cost of good sold | |||
| Finished Goods | 2,40,800 | Sales | 2,21,700 |
| Manufacturing overhead | 19,700 | Loss | 38,800 |
| 2,60,500 | 2,60,500 | ||
| let me know if you have any query. | Thanks! | ||
