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Eppich Corporation has provided the following data for the most recent month: Raw materials, beginning balance...

Question

Eppich Corporation has provided the following data for the most recent month: Raw materials, beginning balance...

Eppich Corporation has provided the following data for the most recent month: Raw materials, beginning balance Work in proces
Required: Complete the following T-accounts by recording the beginning balances and each of the transactions listed above. Ra
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 $23,000 $33,800 $51,800 Transactions: (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 Process to Finished Goods (7) Any overapplied or underapplied manufacturing overhead is closed to cost of Goods Sold (8) Finished goods are sold $ 78,689 $ 78,480 $ 53,899 $ 95,000 $ 73,800 $190,000 2 $223,200 Required: Complete the following T-accounts by recording the beginning balances and each of the transactions listed a Raw Materials Work in Process
Required: Complete the following T-accounts by recording the beginning balances and each of the transactions listed above. Raw Materials Work in Process Beg Bal. Beg Bal End. Bal. End. Bal. Finished Goods Manufacturing Overhead Beg. Bal. Seg. Bal. End, Bal End. Bal Cost of Goods Sold Beg Bal End, Bal

Answers

Raw Materials Work in Process
Debit Credit Debit Credit
Beginign Bal $23,000.00 Beginign Bal $33,800.00
Purchase (1) $78,600.00 $78,400.00 Material used (2) Material (2) $78,400.00 $190,000.00 Unit Completed & Transf Out (6)
Direct labor (3) $53,800.00
$23,200.00 Ending Bal Manufacturing overhead Applied (5) $73,800.00
$49,800.00 Ending Bal
Finished Goods Manufacturing Overhead
Debit Credit Debit Credit
Beginign Bal $51,800.00 Manufacturing overhead (4) $95,000.00 $73,800.00 Manufacturing overhead Applied (5)
Unit Completed & Transf Out (6) $190,000.00 $223,200.00 Cost of Good Sold (8) $21,200.00 Under applied Overhead
( 7)
$18,600.00 Ending Bal
Cost of Goods Sold
Debit Credit
Finished goods sold (8) $223,200.00
Underapplied overheads (7) $21,200.00


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