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 Raw materials purchases Direct materials used Direct labor used Factory overhead (actual) Indirect materials used Indirect labor used Other overhead costs $38,000 12,400 8,750 95,290 83,200 100,000 80% $18,460 43,250 22,800 9,300 16,400 4,300 Required: 1. Complete the T-accounts for each of the three inventory accounts using the data provided in the above table. (Use celis A4 to B19, as well as any yellow input cells, to complete this question.) (Use celis A4 to B19, as well as any yellow input celis, to complete this question.) Beginning Raw materials purchases Ending Beginning Direct materials used Direct labor used Overhead applied Ending Beginning Cost of goods manufactured Ending Raw Materials Inventory 38,000 X 18,460 X 333 3,910 X Work in Process Inventory 12,400 X 43,250X 22,800 X 34,600 x 17,760 X 9,300 43,250 Finished Goods Inventory 8,750 x 95,290 X 20,840 $4,600 X Indirect materials used Direct materials used 95,290 Cost of goods manufactured 83,200 Cost of goods sold 2. Compute overapplied or underapplied overhead. (Use cells A4 to B19, as well as any yellow input cells, to complete this question.) Overapplied overhead X X