Exercise 9-48 (Static) Activity-Based Costing: Cost Flows through T-Accounts (LO 9-5, 7) Southwest Components recently switched to activity-based costing from the department allocation method. The Fabrication Department manager has estimated the following cost drivers and rates: Direct materials costs were $600,000 and direct labor costs were $300,000 during July, when the Fabrication Department handled 3,000 pounds of materials, made 500 inspections, had 25 setups, and ran the machines for 10,000 hours. Required: Use T-accounts to show the flow of materials, labor, and overhead costs from the four overhead activity centers through Work-inProcess Inventory and out to Finished Goods Inventory. Required: Jse T-accounts to show the flow of materials, labor, and overhead costs from the four overhead activity centers through Work-inrocess Inventory and out to Finished Goods Inventory