Christopher’s 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 $ 16,200work in process inventory 6,500finished goods inventory 21,100the following transactions occurred during january: (a) purchased materials on account for $27,700.(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 $17,400 were recorded as follows: $10,100 for assembly workers1,900 for factory supervision2,300 for administrative personnel3,100 for sales commissions(d) recorded depreciation: $5,800 for machines, $1,000 for the copier used in the administrative office.(e) recorded $1,700 of expired insurance. forty percent was insurance on the manufacturing facility, with the remainder classified as an administrative expense.(f) paid $5,600 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 $2,500 for direct materials, $2,400 for direct labor, and $4,800 for applied overhead.(i) sold jobs costing $51,100. the revenue earned on these jobs was $66,430.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,