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 nventory Finished Goods Inventory $16,400 6.900 21.100 The following transactions occurred during January fa) Purchased materials on account for $27,500 (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 $17,000 were recorded as follows $10,400 for assembly workers 1,800 for factory supervision 1,600 for administrative personnel 3,200 for sales commissions (d) Recorded depreciation: $4,000 for machines, $700 for the copier used in the administrative office. (e) Recorded $1,400 of expired insurance. Forty percent was insurance on the manufacturing facility with the remainder classified as an administrative expense D Paid $5,000 in other factory costs in cash ) 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, $2,500 for direct labor, and $5,000 for applied overhead ) Sold jobs costing $50,100. The revenue eamed on these jobs was $65,130 Required: 1. Set up T-accounts, record the beginning balances, post the January transacions, and compute the final balance for the tollowing accounts: (Post all amounts separately. Do not combinefadd 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 T. Sales Revenue g. Other accounts (Cash, Payables, etc). Raw Materials Work in Process Beg. Bal Beg. Bal End. Bal. End. Bal t of Goods Sold Beg. Bal Beg. Bal End. Bal. End. Bal Beg. Bal Beg. Bal End. Bal End. Bal. Sales Other Accounts Beg. Bal Beg. Bal End. Bal. End. Bal