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 $15,400 Finished Goods Inventory 6,900 21,000 The following transactions occurred during January: (a) Purchased materials on account for $28,000. (b) Issued materials to production totaling $21,900, 90 percent of which was traced to specific jobs and the remainder of which was treated as indirect materials. (c) Payroll costs totaling $17,500 were recorded as follows: $10,200 for assembly workers 2,400 for factory supervision 2,600 for administrative personnel 2,300 for sales commissions (d) Recorded depreciation: $4,300 for factory machines, $900 for the copier used in the administrative office. (e) Recorded $1,600 of expired insurance. Forty percent was insurance on the manufacturing facility, with the remainder classified as an administrative expense. (0) Paid $5,400 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 $2,500 for direct materials, $2,400 for direct labor, and $4,800 for applied overhead. (Sold jobs costing $50,200. The revenue earned on these jobs was $65,260. 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. d. Cost of Goods Sold. e. Manufacturing Overhead.