Southwest Components recently switched to activity-based costing from the department allocation method. The Fabrication Department manager has estimated the following cost drivers and rates: Activity Centers Materials handling Quality inspections Machine setups Running machines Cost Drivers Pounds of material handled Number of inspections Number of machine setups Number of machine-hours Rate per Cost Driver Unit $ 17 per pound $ 220 per inspection $3,000 per setup $22.00 per hour Direct materials costs were $303,000 and direct labor costs were $161,000 during July, when the Fabrication Department handled 3,600 pounds of materials, made 720 inspections, had 50 setups, and ran the machines for 15,000 hours. Required: Use T-accounts to show the flow of materials, labor, and overhead costs from the four overhead activity centers through Work-in- Process Inventory and out to Finished Goods Inventory. Materials Inventory Wages Payable Beg bal Beg bal. End. bal. End, bal Overhead Applied: Materials Handling Overhead Applied: Quality Inspections Beg bal Beg, bal End, bal End, bal , Overhead Applied: Machine Setups Overhead Applied: Running Machines Beg bal Beg. bal End, bal End. bal. Work in Process (WIP) Inventory Fabrication Department Finished Goods Inventory Beg bal Beg, bal End, bal End, bal