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 2016 follow: Raw Materials Inventory Work in Process Inventory Finished Goods Iventory $16,700 5,800 20,900 The following transactions occurred during January (a) Purchased materials on account for $27,800. (b) Issued materials to production totaling $21,800, 90 percent of which was traced to specific jobs and the remainder of which was treated as indirect materials (c) Payroll costs totaling $18,200 were recorded as follows $11,500 for assembly workers 1,600 for factory supervision 2,700 for administrative personnel 2,400 for sales commissions (d) Recorded depreciation: $4,400 for machines, $900 for the copier used in the administrative office (e) Recorded $1,900 of expired insurance. Forty percent was insurance on the manufacturing facility, with the remainder classified as an administrative expense () 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 this job shows $2,100 for direct materials, $2,000 for direct labor, and $4,000 for applied overheacd () Sold jobs costing $51,400. The revenue earned on these jobs was $66,820 Required 1. Set up T-accounts, record the beginning balances, post the January transactions, and compute the final balance for the following accounts: (Post all amounts separately. Do not combineladd any dollar amounts when posting to the t-accounts.) a. Raw Materials Inventory b. Work in Process Inventory c. Finished Goods Inventory d. Cost of Goods Sold o. Selling, General, and Administrative Expenses. t. Sales Revenue . Other accounts (Cash, Payables, etc.)