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 $30,750 36,900 13,530 52,890 71,340 Direct Labor $29,520 44,280 22,140 59,040 67,650 Manufacturing Overhead $35,424 53,136 26,568 70,848 81,180 Total Costs $95,694 134,316 62,238 182,778 220,200 7641 7642 Other data: 1. 2. 3. Raw materials inventory totaled $18,450 on January 1. During the year, $172,200 of raw materials were purchased on account Finished goods on January 1 consisted of Job No. 7638 for $107,010 and Job No. 7639 for $113,160. Job No. 7640 and Job No. 7641 were completed during the year. Job Nos. 7638,7639, and 7641 were sold on account for $651,900. Manufacturing overhead incurred on account totaled $147,600. Other manufacturing overhead consisted of indirect materials $17,220, indirect labor $22,140, and depreciation on factory machinery $9,840. 4. 5. 6. (a) 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 > > Work in process balance $ Unfinished job $