The following information is available for a custom manufacturer. Inventories \begin{tabular}{llr} \hline 5 & Raw materials, beginning & $38,000 \\ \hline 6 & Work in process, beginning & 12,400 \\ 7 & Finished goods, beginning & 8,750 \\ 8 & Cost of goods manufactured & 95,290 \\ & Cost of goods sold (not considering over- \\ 9 & or underapplied overhead) & 83,200 \\ 10 & Sales & 100,000 \end{tabular} Predetermined overhead rate based on 11 direct materials used 80% Costs incurred for the period \begin{tabular}{lr} Raw materials purchases & $18,460 \\ \hline Direct materials used & 43,250 \\ Direct labor used & 22,800 \\ Factory overhead (actual) & \\ Indirect materials used & 9,300 \\ Indirect labor used & 16,400 \\ Other overhead costs & 4,300 \end{tabular} Required: Required: 1. Complete the T-accounts for each of the three inventory accounts using the data provided in the above table. (Use cells A4 to B19, as well as any yellow input cells, to complete this question.) Finished Goods Inventory Beginning Ending 2. Compute overapplied or underapplied overhead. (Use cells A4 to B19, as well as any yellow input cells, to complete this question.) Overapplled overhead ($29,350) Formula must return a positive value