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Christophers Custom Cabinet Company uses a job order cost system with overhead applied as a percentage of direct labor costs. Inventory balances at the beginning of 2016 follow:

Raw Materials Inventory	$	15,600
Work in Process Inventory		5,700
Finished Goods Inventory		21,200

The following transactions occurred during January: (a) Purchased materials on account for $26,300. (b) Issued materials to production totaling $20,300, 90 percent of which was traced to specific jobs and the remainder of which was treated as indirect materials. (c) Payroll costs totaling $17,600 were recorded as follows: $11,500 for assembly workers 1,700 for factory supervision 2,800 for administrative personnel 1,600 for sales commissions (d) Recorded depreciation: $5,800 for machines, $800 for the copier used in the administrative office. (e) Recorded $1,500 of expired insurance. Forty percent was insurance on the manufacturing facility, with the remainder classified as an administrative expense. (f) Paid $5,100 in other factory costs in cash. (g) Applied manufacturing overhead at a rate of 200 percent of direct labor cost. (h) Completed all jobs but one; the job cost sheet for this job shows $2,200 for direct materials, $2,400 for direct labor, and $4,800 for applied overhead. (i) Sold jobs costing $51,700. The revenue earned on these jobs was $67,210. Required: 1. Set up T-accounts, record the beginning balances, post the January transactions, and compute the final balance for the following accounts: (Post all amounts separately. Do not combine/add any dollar amounts when posting to the t-accounts.)

Raw Materials Inventory.

Work in Process Inventory.

Finished Goods Inventory.

Cost of Goods Sold.

Selling, General, and Administrative Expenses.

Sales Revenue.

Other accounts (Cash, Payables, etc.).

Raw Materials Inventory Work in Process Inventory Beg. Bal Beg. Bal. End. Bal End. Bal. Finished Goods Inventory Cost of Goods Sold Beg. Bal Beg. Bal End. Bal. End. Bal. 0 Manufacturing Overhead Selling, General, and Administrative Expenses Beg. Bal Beg. Bal End. Bal. End. Bal

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