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: The following transactions occurred during January: a. Purchased materials on account for $27,300. b. Issued materials to production totaling $20,400,90 percent of which was traced to specific jobs and the remainder of which was treated as indirect materials. c. Payroll costs totaling $16,600 were recorded as follows: $11,000 for assembly workers $2,200 for factory supervision $1,400 for administrative personnel $2,000 for sales commissions d. Recorded depreciation: $4,700 for factory machines, $700 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. f. Paid $5,900 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 $2,500 for direct materials, $2,300 for direct labor, and $4,600 for applied overhead. i. Sold jobs costing $50,100. The revenue earned on these jobs was $65,130. 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. d. Cost of Goods Sold. e. Manufacturing Overhead. f. Selling, General, and Administrative Expenses. g. Sales Revenue