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 Required 1 Required 2 $ 38,300 12,700 9,050 95,590 Finished Goods Inventory 83,500 100,300 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. Required 1 Required 2 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 Complete the T-accounts for each of the three inventory accounts using the data provided in the above table. Raw Materials Inventory Complete this question by entering your answers in the tabs belo Work in Process Inventory Compute overapplied or underapplied overhead. $ 18,760 43,850 23,100 9,600 16,700 4,600