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 $ 18 per pound $ 24a per inspection $2,900 per setup $23.00 per hour Direct materials costs were $286,000 and direct labor costs were $153,000 during July, when the Fabrication Department handled 3,700 pounds of materials, made 770 inspections, had 30 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 Materials Inventory Wages Payable Bog. bal. Beg. bal. End, bal End, bal Overhead Applied: Materials Handling Overhead Applied: Quality Inspections Beg. bal. Beg. bal. End, bal. End. bal. Overhead Applied: Machine Setups Overhead Applied: Running Machines Bog, bal Bog, bal. End, bal End, bal. Work in Process (WIP) Inventory Fabrication Department Finished Goods Inventory Bog. bal Bog. bal End, bal. 0 End. bal