Perfecto Pizza Company produces microwavable pizzas. The following accounts appeared in Perfecto's 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 following T-accounts. Bal. 1/1 Raw-Material Inventory 21,300 Accounts Payable 2,600 Bal. 1/1 136,500 Bal. 12/31 36,000 1,000 Bal. 12/31 Work-in-Process Inventory 17,000 Finished-Goods Inventory Bal. 1/1 12,000 Bal. 1/1 Direct material Direct labor Manufacturing overhead Bal. 12/31 Bal. 1/1 19,000 Manufacturing Overhead Wages Payable 147,000 2,000 Bal. 1/1 5,000 Bal. 12/31 Accounts Receivable 11,100 806,000 Bal. 12/31 15,000 Bal. 12/31 20,000 Cost of Goods Sold 710,100 710,100 Sales Revenue