Christophers Custom Cabinet Company uses a job order cost system with overhead applied as a percentage of direct labor costs. Inventory balances at the beginning of 2016 follow:

Raw Materials Inventory $ 16,500 Work in Process Inventory 5,900 Finished Goods Inventory 20,800

The following transactions occurred during January: (a) Purchased materials on account for $26,700. (b) Issued materials to production totaling $20,600, 90 percent of which was traced to specific jobs and the remainder of which was treated as indirect materials. (c) Payroll costs totaling $16,900 were recorded as follows: $11,700 for assembly workers 1,200 for factory supervision 1,900 for administrative personnel 2,100 for sales commissions (d) Recorded depreciation: $4,400 for machines, $500 for the copier used in the administrative office. (e) Recorded $1,300 of expired insurance. Forty percent was insurance on the manufacturing facility, with the remainder classified as an administrative expense. (f) Paid $5,000 in other factory costs in cash. (g) Applied manufacturing overhead at a rate of 200 percent of direct labor cost. (h) Completed all jobs but one; the job cost sheet for this job shows $2,300 for direct materials, $2,300 for direct labor, and $4,600 for applied overhead. (i) Sold jobs costing $50,000. The revenue earned on these jobs was $65,000.

Required: 1. Set up T-accounts, record the beginning balances, post the January transactions, and compute the final balance for the following accounts: (Post all amounts separately. Do not combine/add any dollar amounts when posting to the t-accounts.)

Raw Materials Inventory. Work in Process Inventory. Finished Goods Inventory. Cost of Goods Sold. Selling, General, and Administrative Expenses. Sales Revenue. Other accounts (Cash, Payables, etc.).