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mework with Video ASSIStance Question 12 of 15 > IN View Policies Current Attempt in Progress For the year ended December 31, 2020, the job cost sheets of Cinta Company contained the following data. Job Number 7640 Total Costs Explanation Balance 1/1 Current year's costs Balance 1/1 Current year's costs Current year's costs Direct Materials $29.250 35.100 12,870 50,310 67,860 Direct Labor $28.080 42,120 21.060 56,160 64,350 Manufacturing Overhead $33,696 50,544 25.272 67,392 77.220 7641 $91,026 127.764 59,202 173.862 209.430 7642 Other data: 1. 2. 3. 4. 5. 6. Raw materials inventory totaled $17.550 on January 1. During the year, $163,800 of raw materials were purchased on account. Finished goods on January 1 consisted of Job No. 7638 for $101.790 and Job No. 7639 for $107,640. Job No. 7640 and Job No.7641 were completed during the year. Job Nos. 7638,7639 and 7641 were sold on account for $620,100. Manufacturing overhead incurred on account totaled $140,400. Other manufacturing overhead consisted of indirect materials $16,380, indirect labor $21,060, and depreciation on factory machinery $9,360. Prove the agreement of Work in Process Inventory with job cost sheets pertaining to unfinished work. Post each to the T- = 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. Work in Process Inventory 1/1 12/31 Work in process balance $ Unfinished job e Textbook and Media List of Accounts Question 12 of 15 (Credit occount titles are automatically Indented when amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit e Textbook and Media List of Accounts Determine the gross profit to be reported for 2020 Gross profit $ e Textbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit