The following information was taken from PSU Company's accounting records for the year ended December 31, 2021: Raw materials purchased Direct manufacturing labor payroll Freight-in Direct manufacturing labor rate per hour Factory overhead rate per direct labor hour $ $ $ $ $ 495,000 900,000 55,000 9 11 Inventories balance as of: 1/1/2021 31/12/2021 Direct materials $ 45,000 $ 38,000 Work in process Finished goods $ $ 22,000 $ 26,000 55,000 $ 96,000 Required: Complete the following T-accounts. And calculate Cost of Good Manufactured and Cost of Goods Sold Balance at Jan. 1, 2021 Debit Sum Balance at Jan. 1, 2021 PSU Company Raw Material December 31, 2021 Balance at Dec. 31, 2021 Credit Sum PSU Company Work In Process (WIP) December 31, 2021 Balance at Jan. 1, 2021 PSU Company Finished Goods December 31, 2021 Debit Sum Balance at Dec. 31, 2021 Credit Sum