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

The following transactions occurred during January:

a$.$ Purchased materials on account for $$26,800.$

b$.$ Issued materials to production totaling $$21,700,90$ percent of which was traced to specific jobs and the remainder of which was

treated as indirect materials.

c$.$ Payroll costs totaling $$16,400$ were recorded as follows:

$$10,600$ for assembly workers

$$1,500$ for factory supervision

$$2,700$ for administrative personnel

$$1,600$ for sales commissions

d$.$ Recorded depreciation: $$4,800$ for factory machines, $$1,400$ for the copier used in the administrative office.

e$.$ Recorded $$1,500$ of expired insurance. Forty percent was insurance on the manufacturing facility, with the remainder classified as

an administrative expense.

f$.$ Paid $$4,600$ 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 $$2,100$ for direct materials, $$2,100$ for direct labor,

and $$4,200$ for applied overhead.

i$.$ Sold jobs costing $$51,600.$ The revenue earned on these jobs was $$67,080.$

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 Inventorv.