Please create T accounts for the manufacturing costs and inventories, post the transactions to the accounts, and balance each T account. Thanks!

16. The following inventory information is available for Complete Enterprises for the yea ended December 31, 2014: Inventories Raw materials Work in process Finished goods Beginning Ending $8,000 24,000 21,000 11,000 $40,000 $11,000 12,000 $47,000 Total In addition, the following transactions occurred in 2014: 1. Raw materials purchased on account, $135,000. 2. Incurred the following overhead costs during the year: Utilities $1,800, Depreciation on manufacturing machinery $12,000, Manufacturing machinery repairs $1,200, Factory insurance $4,300 3. Assigned $51,000 of direct factory labor to jobs. 4. Incurred $1,000 of indirect labor. 5. Applied $20,500 of overhead to jobs. Instructions Create T-accounts for the manufacturing costs and inventories, post the transactions to the accounts, and balance each T-account