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 $ 39,300 13,700 10,050 96,590 Costs incurred for the period Raw materials purchases Direct materials used Direct labor used Factory overhead (actual) Indirect materials used 84,500 101,300 Indirect labor used Predetermined overhead rate based on direct materials Other overhead costs used 90% 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. $ 19,760 45,850 24,100 10,600 17,700 5,600