Christophers 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 $ 15,300

Work in Process Inventory 7,000

Finished Goods Inventory 21,900

The following transactions occurred during January:

(a) Purchased materials on account for $27,400.

(b) Issued materials to production totaling $21,100, 90 percent of which was traced to specific jobs and the remainder of which was treated as indirect materials.

(c) Payroll costs totaling $15,700 were recorded as follows: $10,300 for assembly workers 2,200 for factory supervision 1,400 for administrative personnel 1,800 for sales commissions

(d) Recorded depreciation: $5,500 for machines, $700 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 $5,700 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 this job shows $2,400 for direct materials, $2,000 for direct labor, and $4,000 for applied overhead.

(i) Sold jobs costing $51,200. The revenue earned on these jobs was $66,560.

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 combine/add 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. e.Selling, General, and Administrative Expenses. f.Sales Revenue. g.Other accounts (Cash, Payables, etc.).