Dessert Delite Company produces frozen microwavable desserts. The following accounts appeared in the ledger as of December 31.

Additional information:

a.	Accounts payable is used only for direct-material purchases.
b.	Underapplied overhead of $2,700 for the year has not yet been closed into cost of goods sold.

Required:

Complete the below T-accounts.

Raw-Material Inventory					Accounts Payable
Bal. 1/1	21,200				Bal. 1/1		2,500
						136,500
Bal. 12/31	36,000				Bal. 12/31		1,000
Work-in-Process Inventory					Finished-Goods Inventory
Bal. 1/1	17,000				Bal. 1/1	12,000
Direct material
Direct labor					Bal. 12/31	20,000
Manufacturing overhead
Bal. 12/31	19,000
Manufacturing Overhead					Cost of Goods Sold
						710,000
	0					710,000
Wages Payable					Sales Revenue
Bal. 1/1		2,000
	147,000
Bal. 12/31		5,000					0
Accounts Receivable
Bal. 1/1	11,100
		806,000
Bal. 12/31	15,000