Exercise 19-11 (Static) Computing inventory balances and over- or underapplied overhead LO P1, P2, P3, P4 $ 18,450 43,250 22,500 Back The following information is available for a custom manufacturer Inventories costs incurred for the period Raw materials, beginning $30,000 Now Baterials purchases work in process, beginning 12,00 Direct materials used Finished goods, beginning 1,75 Direct labor used cost of goods manufactured Cost of goods sold (not considering over on 95,290 Factory overhead (actual) underpolied overhead) Indirect materials used 39,200 Sales 100,000 Predetermined overhead rate based on direct materials Indirect labor used ses other overheed costs 9,30 16,400 4. 0 rences 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. Hequired 1 Required 2 Complete the accounts for each of the three inventory accounts using the data provided in the above table Raw Materials inventory Work in Process inventory Tinished Goods inventory Required 2 > Exercise 19-11 (Static) Computing inventory balances and over- or underapplied overhead LO P1, P2, P3, P4 $ 18,450 43,250 22,500 Back The following information is available for a custom manufacturer Inventories costs incurred for the period Raw materials, beginning $30,000 Now Baterials purchases work in process, beginning 12,00 Direct materials used Finished goods, beginning 1,75 Direct labor used cost of goods manufactured Cost of goods sold (not considering over on 95,290 Factory overhead (actual) underpolied overhead) Indirect materials used 39,200 Sales 100,000 Predetermined overhead rate based on direct materials Indirect labor used ses other overheed costs 9,30 16,400 4. 0 rences 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. Hequired 1 Required 2 Complete the accounts for each of the three inventory accounts using the data provided in the above table Raw Materials inventory Work in Process inventory Tinished Goods inventory Required 2 >