Finished goods, beginning The following information is available for a custom manufacturer Inventories waterials, beginning Mork In process, beginning 530,000 12,400 Cost of goods manufactured 3,750 35.290 Cost of goods sold (not considering over- underapplied overhead) Sales 100,000 Osts incurred for the perial waterials purchases Direct materials used Direct labor sist Factory overhead (actual) Indirect waterials vind Indirect labor we Predetermined overhead rate based on direct materials used Other overhead casts 1. Complete the T-accounts for each of the three inventory accounts using the data provided in the above table. 2. Compute overapplied or underapplied overhead Complete this question by entering your answers in the tabs below. Required 11 Required 2 Complete the T-accounts for each of the three inventory accounts using the data provided in the above table. Raw Materiale inventory Fishes Goods Inventory Work to Posts fey 11,500 4,500 1. Complete the T-accounts for each of the three inventory accounts 2. Compute overapplied or underapplied overhead. Complete this question by entering your answers in the tabs E es Required 1 Required 2 Compute overapplied or underapplied overhead. < Required 1 Reo The following information is available for a custom manufacturer. Inventories Raw materials, beginning Mork in process, beginning Finished goods, beginning Cost of goods manufactured Cast of goods sold (not considering over or underapplied overhead) $ 38,000 Costs incurred for the period Raw materials purchases $10,400 12,400 Direct materials used 43,250 8,750 Direct labor used 22,000 95,290 Factory overhead (actual) $3,200 Indirect materials used 9,300 Sales 100,000 Indirect labor used Predetermined overhead rate based on direct materials. 16,400 used Other overhead costs 4,300