Exercise 15-11 (Algo) Computing inventory balances and over- or underapplied overhead LO P1, P2, P3, P4 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 $ 38,400 12,800 9,150 95,690 Costs incurred for the period Raw materials purchases Direct materials used Direct labor used Factory overhead (actual) Indirect materials used Indirect labor used $ 18,860 44,050 23,200 83,600 100,400 9,700 16,800 4,700 80% Other overhead costs 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Complete the T-accounts for each of the three inventory accounts using the data provided in the above table. Raw Materials Inventory Work in Process Inventory Finished Goods Inventory Complete the T-accounts for each of the three inventory accounts using the data pr Raw Materials Inventory Beginning Ending Finished Goods Inventory Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute overapplied or underapplied overhead.