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 $ 16,400 6,000 20,000 The following transactions occurred during January. a. Purchased materials on account for $26.200. b. Issued materials to production totaling $20,900, 90 percent of which was traced to specific jobs and the remainder of which was treated as Indirect materials. c. Payroll costs totaling $17,900 were recorded as follows: $10,600 for assembly workers $2.900 for factory supervision $2,200 for administrative personnel $2,200 for sales commissions d. Recorded depreciation: $4,400 for factory machines, $1,200 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 $5,700 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 $2,600 for direct materials, $2,200 for direct labor. and $4,400 for applied overhead. i. Sold jobs costing $50,100. The revenue earned on these jobs was $65,130. Required: 1. Set up T-accounts, record the beginning balances, post the January transactions, and compute the final balance for the following < Prev 5 of 5 Maxt