please look at the attached information

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 Inventory	$	25,000
Work in Process Inventory		55,000
Finished Goods Inventory		60,000

The following transactions occurred during April: (a) Purchased materials on account at a cost of $136,000. (b) Requisitioned materials at a cost of $122,000, of which $28,000 was for general factory use. (c) Recorded factory labor of $155,000, of which $24,000 was indirect. (d) Incurred other costs:

PA2-5 Recording Manufacturing Costs and Analyzing Manufacturing Overhead [LO 2-3, 2-4, 2-5] -2-2 http://ezto.mhedu 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 Inventory $ 25,000 Work in Process Inventory 55,000 Finished Goods Inventory 60,000 The following transactions occurred during April: (a) Purchased materials on account at a cost of $136,000. (b) Requisitioned materials at a cost of $122,000, of which $28,000 was for general factory use. (c) Recorded factory labor of $155,000, of which $24,000 was indirect. (d) Incurred other costs: Selling expense $44,000 Factory utilities 26,000 Administrative expenses 15,000 Factory rent 30,000 Factory depreciation 24,000 The following transactions occurred during January: (a) Purchased materials on account for $26,000. (b) Issued materials to production totaling $40,000, 80 percent of which was traced to specific jobs and the remainder of which was treated as indirect materials. (c) Payroll costs totaling $69,700 were recorded as follows: $18,000 for assembly workers 5,200 for factory supervision 31,000 for administrative personnel 15,500 for sales commissions (d) Recorded depreciation: $8,500 for machines, $2,400 for the copier used in the administrative office. (e) Recorded $4,000 of expired insurance. Forty percent was insurance on the manufacturing facility, with the remainder classified as an administrative expense. (f) Paid $7,800 in other factory costs in cash. (g) Applied manufacturing overhead at a rate of 300 percent of direct labor cost. (h) Completed all jobs but one; the job cost sheet for this job shows $10,000 for direct materials, $3,000 for direct labor, and $9,000 for applied overhead. (i) Sold jobs costing $70,000. The revenue earned on these jobs was $91,000. Required: 1. Set up T-accounts, record the beginning balances, post the January transactions, and compute the final balance 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.). }uetr":ontidaliValeabtTarst,"uetr 20ny:laspdi:"8""_",errdbon_eeg 3B%201)21,%2063%2017,13b( 3DS)%3DB42:(CUM(SIF),4):BB2 16 test 13252704332849 2. Determine how much gross profit the company would report during the month of January before any adjustment is made for the overhead balance. e}ru:td"rew enssA"i",:"n"ioptrisc 0 test 13252704332849 3. Determine the amount of over- or underapplied overhead. }uetr":edersw Anis,"""":ontiipcre 0 test 13252704332804 4. Compute adjusted gross profit assuming that any over- or underapplied overhead balance is adjusted directly to Cost of Goods Sold. e}ru:td"rew enssA"i",:"n"ioptrisc 0 test 13252704332804