Cherry Cotta makes custom ordered clay pots for residential gardens. Below is cost information regarding its latest job. a. Materials were purchased on account. $18,996b. A materials requisition form shows an amount of materials required for this job, 10% of which were used for general use.c. A labor time sheet shows the following. T. Walker Crafting $287.50M. Foster Firing 18 $247.50C. Watson Maintenance 6 $66.00K. Willis Supervisor 10 $230.00 d. The additional list below shows costs incurred. Factory Utilities $395Advertising Expense $625Administrative Duties $348Factory Depreciation $487Factory Property Taxes $950 e. At the beginning of the year, overhead costs and workload was estimated. Direct Labor hours drives the cost of overhead. Estimated Overhead Cost $90,000Estimated Direct Labor Hours 1,500 {. By month's end, all previous jobs were completed, but only 80% of the pots started this month were completed. $12,450 10% g. 90% of the previous batch of pots were sold, while 70% of the pots completed this month were sold. Required:1. Complete the T-Accounts below. 80%$22,000 [Total Sales Raw MaterialsWork In ProcessFinished GoodsDebitCreditDebitCreditDebitCredit4,68512,4505,62811,618 x1,2608,132 x18,99611,231 x11,618011,2318314,7452,460Cost of Goods Sold8,532Sales RevenueDebitCreditDebitCredit8,132 0Salaries/Wages Payable22,0008,132DebitCredit22,000831Period Cost831DebitCredit973Manufacturing Overhead973DebitCredit1,2452,4601,832617Note: When calculating amounts below, use the total in the T-Accounts.2. Determine the Cost of Goods Manufactured.Cost of Goods Manufactured$9,786 x3. Create a journal entry to dispose of the Over/Underapplied Overhead.DateAccountDebitCredit3/31/2022Cost of Goods Sold617Manufacturing Overhead617 4. Determine the Cost of Goods Sold after disposing of the Over/Underapplied Overhead. | $6,917 € 5. Determine the Gross Profit for the month. Required:1. Complete the T-Accounts below.Raw MaterialsWork In ProcessFinished GoodsDebitCreditDebitCreditDebitCredit4,685=H55,628=(D38+D3 X1,260=G38*J30X=D4=A39X=E37O=IF(SUM(A37:A38)-SUM(BE=IF(SUM(B37:B38)-SUM(A37:A38)>0=E10+E11-=IF(SUM(G3 =IF(SUM(H37:H=B26/B27Cost of Goods Sold=IF(SUM(D37 =IF(SUM(E37:E4Sales RevenueDebitCreditDebitCredit=H37OSalaries/Wages Payable=G30=IF(SUM(A43:A43)-SUM(B4=IF(SUM(B43:B43)-SUM(A43:A43)>0DebitCredit=IF(SUM(G43:G=IF(SUM(H4=E10+E110Period Cost=IF(SUM(D45:D4=IF(SUM(E45DebitCredit=B19+B20Manufacturing Overhead=IF(SUM(A48:A48)-SUM(B4=IF(SUM(B48:B48)-SUM(A48:A48)>0,DebitCredit=H5*15O=B26/B27=B18+B21:=IF(SUM(D50 =IF(SUM(E50:ESNote: When calculating amounts below, use the total in the T-Accounts.2. Determine the Cost of Goods Manufactured.Cost of Goods Manufactured =D37+D38-D51+D39+D40-D41 x3. Create a journal entry to dispose of the Over/Underapplied Overhead.DateAccountDebitCredit3/31/2022Cost of Goods Sold=D53Manufacturing Overhead=D53V 4. Determine the Cost of Goods Sold after disposing of the Over/Underapplied Overhead. | =G37+B58-G39+D53 S. Determine the Gross Profit for the month.