2 of 2 < 32.61/50 For the year ended December 31, 2022, the job cost sheets of Sunland Company contained the following data. Job Number Explanation Direct Materials Direct Labor Manufacturing Overhead Total Costs 7640 Balance 1/1 $29,000 $27,840 $33,408 $90.248 Current year's costs 34.800 41.760 50.112 126.672 7641 Balance 1/1 12,760 20.880 25,056 58696 Current year's costs 49.880 55.680 66.8116 172.376 7642 Current year's costs 67.200 63.800 76.560 207,640 Other data 2. Raw materials inventory totaled $17.400 on January 1 During the year, $162.400 of raw materials were purchased on account 2 Finished goods on January 1 consisted of Job No. 7638 for $100.920 and Job No. 7639 for $106.720 3 Job No. 7640 and Job Nu 7641 were completed during the year 4 3 Job Mos 7638 7639, and 7641 were sold on account for 5614800 Manufacturing overhead incurred on account totaled $139.200 Incurred depreciation on factory machinery 19.200 Asig det materials of $16.240 and indirect tabor of $20,880 Prove the agreement of Work in Process Inventory with job cost sheets pertaining to unfinished work. Post each to the T-account in the following order: (1) beginning balance, (2) direct materials, (3) direct labor, (4) manufacturing overhead, and (5) completed jobs 1/1 Balance Work in Process Inventory 148944 Completed Work Direct Materials 151960 Direct Labor 161240 Manufacturing Overhead 193400 12/31 Balance Work in process balance 207640 207640 Khrished job S 207640 Fed book and Media 447992 Question 2 of 2 Your answer is correct. 32.61/50 Prepare the adjusting entry for manufacturing overhead, assuming the balance is allocated entirely to Cost of Goods Sold. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually) Account Titles and Explanation Manufacturing Overhead Cost of Goods Sold eTextbook and Media. List of Accounts Prepare an income statement through gross probe for 2022 Debit 7888 Credit 7868 Attempts: 1 of 3 used Prepare an income statement through gross profit for 2022. SUNLAND COMPANY Income Statement (partial)