Finished goods, beginning The following information is available for a custom manufacturer. Inventories Raw materials, beginning Work in process, beginning Cost of goods manufactured $ 38,900 13,300 9,650 96,190 Cost of goods sold (not considering over- or underapplied overhead) Costs incurred for the period Raw materials purchases Direct materials used Direct labor used Factory overhead (actual) Indirect materials used 84,100 Sales 100,900 Indirect labor used Predetermined overhead rate based on direct materials used Other overhead costs 80% 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 1 Required 2 Complete the T-accounts for each of the three inventory accounts using the data provided in the above table. Raw Materials Inventory 0 Finished Goods Inventory 0 Work in Process Inventory 0 $ 19,360 45,050 23,700 10,200 17,300 5,200 Finished goods, beginning The following information is available for a custom manufacturer. Inventories Raw materials, beginning Work in process, beginning Cost of goods manufactured $ 38,900 13,300 9,650 96,190 Cost of goods sold (not considering over- or underapplied overhead) 84,100 Costs incurred for the period Raw materials purchases Direct materials used Direct labor used Factory overhead (actual) Indirect materials used Sales 100,900 Indirect labor used Predetermined overhead rate based on direct materials used Other overhead costs 80% 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 1 Required 2 Compute overapplied or underapplied overhead. $ 19,360 45,050 23,700 10,200 17,300 5,200