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 Finished Goods Inventory $16,300 6,400 20,700 The following transactions occurred during January (a) Purchased materials on account for $27.000. (b) Issued materials to production totaling $20700, 90 percent of which was traced to specific jobs and the remainder of which was treated as indirect materials. (c) Payroll costs totaling $18.400 were recorded as follows: $11000 for assembly workers 1.900 for factory supervision 2,700 for administrative personnel 2,800 for sales commissions (d) Recorded depreciation: $4,100 for factory machines. $900 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. O Paid $5,100 in other factory costs in cash. (9) Applied manufacturing overhead at a rate of 200 percent of direct labor cost Completed all jobs but one; the job cost sheet for the uncompleted job shows $2,600 for direct materials, $2.300 for direct labor and $4,600 for applied overhead. 0 Sold jobs costing $50,000. The revenue earned on these jobs was $65.000. 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. di cost of Goods Sold e Manufacturing Overhead f. Selling, General and Administrative Expenses 9. Sales Revenue 2. Determine how much gross profa the company would report during the month of January before any adjustment made for the overhead bande 3. Determine the amount of over onderlieder 4 Conspute ad usted gross profit assume that any opole overhead batone is justed directly to Con Goods Sold