Accessibility tab summary: Information about a custom manufacturer is provided in rows 2 to 19. Statement 1 for student presentation is provided in row 22. Statement 2 for student presentation is provided in row 23. "The following information is available for a custom manufacturer. (Click on the Graded Worksheet Tab below.)" Inventories Raw materials, beginning $38,000 Work in process, beginning 12,400 Finished goods, beginning 8,750 Cost of goods manufactured 95,290 Cost of goods sold 83,200 (not considering over- or underapplied overhead) Sales 100,000 Overhead applied 80% of direct material cost Costs incurred for the period Raw materials purchases $18,460 Direct materials used 43,250 Direct labor used 22,800 Factory overhead (actual) Indirect materials used 9,300 Indirect labor used 16,400 Other overhead costs 4,300 Required: 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