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. Answer is complete but not entirely correct. Raw-Material Inventory Accounts Payable Bal 1/1 21,200 134,800 ( 119,900 136,500 2,700 134,800 Bal. 1/1 Bal Bal. 12/31 36,000 1,000 12/31 Work-in-Process Inventory Finished-Goods Inventory Bal. 1/1 17,000 Bal. 1/1 Direct material 119,900 718,100 12,000 718,100 710,000 Direct labor 150,000 Bal 12/31 20.000 Manufacturing 450,000 overhead Bal. 12/31 19,000