For the year ended December 31, 2020, the job cost sheets of Cinta Company contained the following data. Job Number 7640 Explanation Balance 1/1 Current year's costs Balance 1/1 Current year's costs Current year's costs Direct Materials $27.250 32,700 11.990 46,870 63,220 Direct Labor $26,160 39.240 19,620 52,320 59,950 Manufacturing Overhead $31,392 47,088 23,544 62,784 71.940 Total Costs $84,802 119,028 55,154 161.974 195,110 7641 7642 Other data: 1 2 3. Raw materials inventory totaled $16,350 on January 1. During the year, $152,600 of raw materials were purchased on account. Finished goods on January 1 consisted of Job No. 7638 for $94,830 and Job No. 7639 for $100,280. Job No. 7640 and Job No. 7641 were completed during the year. Job Nos. 7638.7639 and 7641 were sold on account for $577.700. Manufacturing overhead incurred on account totaled $130,800. Other manufacturing overhead consisted of indirect materials $15,260, indirect labor $19,620, and depreciation on factory machinery $8,720. 4. 5. 6. For the year ended December 31, 2020, the job cost sheets of Cinta Company contained the following data. Job Number 7640 Explanation Balance 1/1 Current year's costs Balance 1/1 Current year's costs Current year's costs Direct Materials $27.250 32,700 11.990 46,870 63,220 Direct Labor $26,160 39.240 19,620 52,320 59,950 Manufacturing Overhead $31,392 47,088 23,544 62,784 71.940 Total Costs $84,802 119,028 55,154 161.974 195,110 7641 7642 Other data: 1 2 3. Raw materials inventory totaled $16,350 on January 1. During the year, $152,600 of raw materials were purchased on account. Finished goods on January 1 consisted of Job No. 7638 for $94,830 and Job No. 7639 for $100,280. Job No. 7640 and Job No. 7641 were completed during the year. Job Nos. 7638.7639 and 7641 were sold on account for $577.700. Manufacturing overhead incurred on account totaled $130,800. Other manufacturing overhead consisted of indirect materials $15,260, indirect labor $19,620, and depreciation on factory machinery $8,720. 4. 5. 6