Chapter 3 Saved Submit Help Save & Exit Check my work 26 Perfecto Pizza Company produces microwavable pizzas. The following accounts appeared in Perfecto's ledger as of December 31. Additional information: a. Accounts payable is used only for direct-material purchases. b. Underapplied overhead of $2,600 for the year has not yet been closed into cost of goods sold. 10 points Required: Complete the following T-accounts. ook Raw-Material Inventory Accounts Payable Print 2,700 Bal. 1/1 Bal. 1/1 21,100 References 136,500 120,000 134,800 1,000 Bal. 12/31 Bal. 12/31 36,000 Finished-Goods Inventory Work-in-Process Inventory Bal. 1/1 Bal. 1/1 17,000 12,000 Direct material 20,000 Direct labor 150,000 Bal. 12/31 Manufacturing overhead 19,000 Bal. 12/31 Manufacturing Overhead Cost of Goods Sold - Chapter 3 Saved Subm Help Save & Exit Check my work 26 Bal. 1/1 Direct material Bal. 1/1 17,000 12,000 20,000 Bal. 12/31 Direct labor 150,000 Manufacturing overhead 10 Bal. 12/31 19,000 points Manufacturing Overhead Cost of Goods Sold eBook 710,100 Print 0 710,100 References Wages Payable Sales Revenue 2,000 Bal. 1/1 147,000 150,000 5,000 Bal. 12/31 0 Accounts Receivable Bal. 1/1 11,200 806,000 Bal. 12/31 15,000