The following information is available for a custom manufacturer. Inventories Raw materials, beginning Work in process, beginning $ 38,200 12,600 Finished goods, beginning 8,950 Cost of goods manufactured 95,490 Cost of goods sold (not considering over- or underapplied overhead) 83,400 Sales 100,200 Predetermined overhead rate based on direct materials used Costs incurred for the period Raw materials purchases Direct materials used Direct labor used Factory overhead (actual) Indirect materials used Indirect labor used Other overhead costs 80% 1. Complete the T-accounts for each of the three inventory accounts using the data provided in the above table. 2. Compute overapplied or underapplied overhead. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Complete the T-accounts for each of the three inventory accounts using the data provided in the above table. Beginning Purchases Raw Materials Inventory 38,200 18,660 Ending 56,860 Finished Goods Inventory 0 Work in Process Inventory < Required 1 Required 2 > 0 $ 18,660 43,650 23,000 9,500 16,600 4,500 The following information is available for a custom manufacturer. Inventories Raw materials, beginning Work in process, beginning $ 38,200 12,600 Finished goods, beginning 8,950 Cost of goods manufactured 95,490 Cost of goods sold (not considering over- or Costs incurred for the period Raw materials purchases Direct materials used Direct labor used Factory overhead (actual) Indirect materials used underapplied overhead) 83,400 Sales 100,200 Predetermined overhead rate based on direct materials used Indirect labor used Other overhead costs 80% 1. Complete the T-accounts for each of the three inventory accounts using the data provided in the above table. 2. Compute overapplied or underapplied overhead. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute overapplied or underapplied overhead. < Required 1 Required 2 > $ 18,660 43,650 23,000 9,500 16,600 4,500