For the year ended December 31, 2020, the job cost sheets of Sheridan Company contained the following data Manufacturing Overhead Job Direct Direct Total Number Explanation Materials Labor Costs 7640 Balance 1/1 $26,750 $25.680 $30,816 $83,246 38,520 46,224 Current year's costs 32,100 116,844 7641 19,260 Balance 1/1 11,770 23,112 54,142 Current year's costs 51.360 46,010 61,632 159,002 62,060 58,850 191,530 7642 Current year's costs 70,620 Other data: Raw materials inventory totaled $16,050 on January 1. During the year, $149,800 of raw materials were purchased on account Finished goods on January 1 consisted of Job No. 7638 for $93,0900 and Job No. 7639 for $98,440. 1 2. Job No. 7640 and Job No. 7641 were completed during the year Job Nos. 7638, 7639, and 7641 were sold on account for $567,100 3 4 Manufacturing overhead incurred on account totaled $128,400. 5 6 Other manufacturing overhead consisted of indirect materials $14,980, indirect labor $19,260, and depreciation on factory machinery $8,560. 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 Balance Completed Work 38,520 Direct Materials Direct Labor Manufacturing Overhead 12/31 Balance Work in process balance Unfinished job