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Problem ( 30 points) Various financial figures have been provided for manufacturer Rayquaza Company. Additional Information: 1.) Raw materials purchases total $195,000. 2.) Factory payroll

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Problem ( 30 points) Various financial figures have been provided for manufacturer Rayquaza Company. Additional Information: 1.) Raw materials purchases total $195,000. 2.) Factory payroll for the period totals $575,000. 3.) Other overhead costs total $95,000 for the period. 4.) Material requisitions show $185,000 for direet materials and $5,000 for indirect materials. 5.) Time tickets show $530,000 for direct labor costs, 6.) Overhead for the period is over-spplied by $5,700. 7.) Ending inventory account balances are as follows: Raw materials inventory $27,000 Work in process inventory $19,300 Finished goods inventory $43,000 Required: Use the additional information to complete the T-accounts and compute the ending alance for each account

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