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Manufacturing Overhead Selling, General, and Administrative Expenses Beg. Bal. Beg. Bal. End. Bal. End. Bal. Sales Revenue Other Accounts Beg. Bal. (Cash, Payables, etc.) Beg.

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Manufacturing Overhead Selling, General, and Administrative Expenses Beg. Bal. Beg. Bal. End. Bal. End. Bal. Sales Revenue Other Accounts Beg. Bal. (Cash, Payables, etc.) Beg. Bal End. Bal End. Bal. 0 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 2016 follow Raw Materials Invenlory Work in Process Inventory Finished Gocds Inventory $15,900 5,600 20,700 The following transactions occurred during January: (a) Purchased materials on account for $28,000 (b) Issued materials to production totaling S21,400, 90 percent of which was traced to specific jobs and the remainder of which was treated as indirect materials. (c) Payroll costs totaling S17,500 were recorded as follows: $12,000 for assembly workers 1,200 for factory supervision 2,700 for administrative personnel 1,600 for sales commissions (d) Recorded depreciation: $4,600 for machines, $700 for the copier used in the administrative office (e) Recorded $1,700 of expired insurance. Forty percent was insurance on the manufacturing facllity, with the remainder classlfied as an administrative expense. () Paid $4,800 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 this job shows $2,500 for direct materials, $2,400 for direct labor, and $4,800 for applied overhead. 0) Sold jobs costing S51,200. The revenue eamed on these jobs was $66,560. Required: 1. Set up T-acoounts, record the beginning balances, post the January transactions, and compute the final balace for the following accounts: (Post all amounts separately. Do not combine/add any dollar amounts when posting to the t-accounts.) a. Raw Materials Inventory b. Work in Process Inventory. c. Finished Goods Inventory d. Cost of Goods Sold. e. Selling, General, and Administrative Expenses. f. Sales Revenue. g. Other accounts (Cash, Payables, etc.). Raw Materials Inventory Work in Process Inventory Beg. Bal. Beg. Bal. Erid. Bal End. Bal. FInlshed Goods Inventory Cost of Goods Sold Beg. Bal. Beg. Bal

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