3 Exercise 19-11 (Algo) Computing inventory balances and over- or underapplied overhead LO P1, P2, P3, P4 Cost of goods sold (not considering over or eBook Print eferences The following information is available for a custom manufacturer. Inventories Raw materials, beginning Work in process, beginning Finished goods, beginning Cost of goods manufactured $38,400 12,800 9,150 95,690 under applied overhead) Costs incurred for the period Raw materials purchases) Direct materials used Direct labor used Factory overhead (actual). Indirect materials used 83,600 Sales 100,400 Indirect labor used Predetermined overhead rate based on direct materials, used Other overhead costs RO% 1. Complete the T-accounts for each of the three inventory accounts using the data provided in the above table. 2. Compute overapplied or underapplied overhead. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute overapplied or underapplied overhead. $18,860 44,050 23,200 9,700 16,800 4,700