The following information is available for a custom manufacturer.

Inventories

Raw materials, beginning

Work in process, beginning

Finished goods, beginning

Cost of goods manufactured

Cost of goods sold $($not considering over$-$ or

underapplied overhead$)$

Sales

Predetermined overhead rate based on direct materials

used

Costs incurred for the period

$$38,000$

$12,400$

$8,750$

$95,290$

$83,200$

$100,000$

$80\%$

Raw materials purchases

Direct materials used

Direct labor used

Factory overhead $($actual$)$

Indirect materials used

Indirect labor used

Other overhead costs

$$18,460$

$43,250$

$22,800$

$9,300$

$16,400$

$4,300$

Complete the T$-$accounts for each of the three inventory accounts using the data provided in the above table.

Compute overapplied or underapplied overhead.

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PLEASE SHARE FORMULAS and how you got the answers I would like to know how to do this, this is practice for an exam and im lost