please include explanation!

Problem 3-44 Manufacturing Cost Flows; Analysis of T-Accounts (LO 3-2, 3-5) 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. Required: Complete the following T-accounts. Raw Material Inventory 21,200 Bal. 171 Accounts Payable 2,700 Bal 1/1 136,500 1,000 Bal 12/31 Bal 12/31 35,000 Work in Process Inventory 17.000 Finished-Goods Inventory 12,000 Bal. 111 Bal 12/31 20,000 Bal 1/1 Direct material Direct labor Manufacturing overhead Bal, 12/31 19,000 Manufacturing Overhead Cost of Goods Sold 710,100 710.100 Work-in-Process Inventory 17,000 Bal. 1/1 Finished-Goods Inventory 12,000 Bal. 1/1 Direct material Bal. 12/31 20,000 Direct labor Manufacturing overhead Bal, 12/31 19,000 Manufacturing Overhead + Cost of Goods Sold 710,100 710,100 Sales Revenue Wages Payable 2,000 Bal. 1/1 147,000 5,000 Bal, 12/31 Bal. 1/1 Accounts Receivable 11,100 806,000 15,000 Bal 12/31