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 the current year follow: Raw Materials Inventory Work in Process Inventory Finished Goods Inventory $ $15,8006,40021,000$ The following transactions occurred during January: a$.$ Purchased materials on account for $$27,200.$ b$.$ Issued materials to production totaling $$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 $$18,700$ were recorded as follows: $$11,700$ for assembly workers $$2,500$ for factory supervision $$2,600$ for administrative personnel $$1,900$ for sales commissions d$.$ Recorded depreciation: $$4,500$ for factory machines, $$900$ for the copier used in the administrative office. e$.$ Recorded $$1,400$ of expired insurance. Forty percent was insurance on the manufacturing facility, with the remainder classified as an administrative expense. f$.$ Paid $$5,100$ in other factory costs in cash. g$.$ Applied manufacturing overhead at a rate of $200$ percent of direct labor cost. h$.$ Completed all jobs but one; the job cost sheet for the uncompleted job shows $$2,200$ for direct materials, $$2,200$ for direct labor, and $$4,400$ for applied overhead. i$.$ Sold jobs costing $$51,200.$ The revenue earned on these jobs was $$66,560.$

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 the current year follow:

The following transactions occurred during January:

a$.$ Purchased materials on account for $$27,900.$

b$.$ Issued materials to production totaling $$20,100,90$ percent of which was traced to specific jobs and the remainder of which was

treated as indirect materials.

c$.$ Payroll costs totaling $$16,500$ were recorded as follows:

$$10,200$ for assembly workers

$$2,500$ for factory supervision

$$1,100$ for administrative personnel

$$2,700$ for sales commissions

d$.$ Recorded depreciation: $$4,500$ for factory machines, $$1,100$ for the copier used in the administrative office.

e$.$ Recorded $$1,800$ of expired insurance. Forty percent was insurance on the manufacturing facility, with the remainder classified as

an administrative expense.

f$.$ Paid $$5,300$ 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 $$2,200$ for direct materials, $$2,100$ for direct labor,

and $$4,200$ for applied overhead.

i$.$ Sold jobs costing $$50,900.$ The revenue earned on these jobs was $$66,170.$

Required:

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 Inventorv.