The following information is avallable for a custom manufacturer.

Complete the T$-$accounts for each of the three Inventory accounts using the data provided in the above table.

Compute overapplied or underapplied overhead.

Complete this question by entering your answers in the tabs below.

Required $1$

Complete the T$-$accounts for each of the three inventory accounts using the data provided in the above table.

1.Raw Materials Inventory

Raw Materials Inventory
Beginning balance	$38,500	$44,250	Direct materials
Purchases	18,960	9,800	Indirect materials
Ending	$3,410

2.Work in Process Inventory

Work in Process Inventory
Beginning balance	$12,900	$95,790	Cost of goods manufactured
Direct materials	44,250
Direct labor	23,300
Overhead applied	35,400
Ending	$20,060