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 $$2,600$ for the year has not yet been closed into cost of goods sold.

Requlred:

Complete the following T$-$accounts.

$\backslash$table$[[$Raw$-$Material Inventory,Accounts Payable$],[$Bal$.\frac{1}{1},21,100,,,,,2,500,$Bal. $1/1],[,,,,136,500,,],[$Bal$.\frac{12}{31},36,000,,,,,1,000,$Bal. $\frac{12}{31}$