Christopher's 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 2018 follow. Raw Materials Inventory Work in Process Inventory $15,500 Finished Goods Inventory 5,800 21,800 The following transactions occurred during January: (a) Purchased materials on account for $27,500. (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 $17,200 were recorded as follows: $10,900 for assembly workers 1,400 for factory supervision 2,100 for administrative personnel 2,800 for sales commissions (d) Recorded depreciation: $5,700 for factory machines, $1,100 for the copier used in the administrative office. (e) Recorded $1,100 of expired insurance. Forty percent was insurance on the manufacturing facility, with the remainder classified as an administrative expense. (0) Paid $6,000 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 the uncompleted job shows $2,100 for direct materials, $2,200 for direct labor, and $4,400 for applied overhead. (Sold jobs costing $51,100. The revenue earned on these jobs was $66,430. Required: 1. Set up T-accounts, record the beginning balances, post the January transactions, and compute the final balance for the following accounts: a. Raw Materials Inventory. b. Work in Process Inventory. c. Finished Goods Inventory.