Southwest Components recently switched to activity-based costing from the department allocation method. The Fabrication Department manager has estimated the following cost drivers and rates: Activity Centers Materials handling Quality inspections Machine setups Running machines Cost Drivers Pounds of material handled Number of inspections Number of machine setups Number of machine-hours $ Rate per Cost Driver Unit 17 per pound $ 220 per inspection $2,900 per setup $22.00 per hour Direct materials costs were $306,000 and direct labor costs were $154,000 during July, when the Fabrication Department handled 3,900 pounds of materials, made 700 inspections, had 40 setups, and ran the machines for 14,000 hours. Required: Use T-accounts to show the flow of materials, labor, and overhead costs from the four overhead activity centers through Work-in- Process Inventory and out to Finished Goods Inventory. Beg. bal. End. bal. Materials Inventory Beg. bal. End. bal. Wages Payable Overhead Applied: Materials Handling Beg. bal. Overhead Applied: Quality Inspections Beg. bal. End. bal. End. bal.