PLEASE INCLUDE HOW YOU WORKED OUT THE PROBLEM

Cherry Cotta makes custom ordered clay pots for residential gardens. Below is cost information regarding its latest job. a. Materials were purchased on account. 518,996 b. A materials requisition form shows an amount of materials required for this job, 10% of which were used for general use. c. A labor time sheet shows the following. Cherry Cotta makes custom ordered clay pots for residential gardens. Below is cost information regarding its latest job. a. Materlals were purchased on account. $18,996 purchased b. A materials requisition form shows an amount of materlals required for this job, 10% of which were used for general use. $12,450 requested c. A labor time sheet shows the following. d. The additional IIst below shows costs incurred. e. At the beginning of the year, overhead costs and workload was estimated. Direct Labor hours drives the cost of overheac f. By month's end, all previous jobs were completed, but only 80% of the pots started this month were completed. $22,000 Total Sales g. 90% of the previous batch of pots were sold, while 70% of the pots completed this month were sold. Required: 1. Complete the T-Accounts below. 2. Determine the Cost of Goods Manufactured. 3. Create a journal entry to dispose of the Over/Underapplied Overhead. 4. Determine the Cost of Goods Sold after disposing of the Over/Underapplied Overhead. 5. Determine the Gross Profit for the month