Bigears Telco Ltd manufactures custom timber furniture. The company uses a job costing system. The following data refers to the company for the month of March 2014: Overhead is applied to production using an annual predetermined overhead rate using direct labour hours. The budgeted overhead for the current year is $1,024, 800. Budgeted direct labour cost for the current year is $640,500. The direct labour rate is $15 per hour. Costs incurred during March: Direct labour costs $64,500 Indirect labour $8,000 Depreciation on factory building $35,000 Electricity $25,000 Factory rent $12,000 Other overhead costs $10,000 Sales revenue from the jobs was $180,000. The company prices jobs at manufacturing cost plus 25 per cent. Required: Complete the T-accounts providing the amounts of a) to p) to show the flow of costs through the company's manufacturing accounts. Raw Materials Inventory Work in Process Inventory OB 11,600 OB 8,000 f) b) CB 15,600 a) CB 121,100 Finished Goods Inventory Cost of Goods Sold OB 28,000 h) FG 144,000 1) CB 18,000 Rectangulars Manufacturing Overhead 1) p) k) 1) m) n) o) Note: OB denotes opening balance on 1 March and CB denotes closing balance on 31 March. FG denotes finished goods