Exercise 19-11 (Static) Computing inventory balances and over- or underapplied overhead LO P1, P2, P3, P4 $ 11,460 43,250 22,300 The following information is avaliable for a custom manufacturer Inventories costs incurred for the period Raw materials, beginning $ 30,000 Raw materials purchases Work in process, beginning 12,400 Direct materials used Finished goods, beginning 3,750 Direct labor used Cost of goods manufactured 95,290 Factory overhead (actual) Cost of goods sold (not considering over or underapplied overhead) Indirect materials used 33,200 Sales 100,000 Indirect labor used Fredetermined overhead rate based on direct materials used 30% 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. 9,380 16,400 4.ee Complete this question by entering vour answers in the tabs below. Required 1 Required 2 Compute overapplied or underapplied overhead