For the year ended December 31, 2020, the job cost sheets of Cinta Company contained the following data. Job Number Explanation Direct Materials Direct Labor Manufacturing Overhead Total Costs 7640 Balance 1/1 $30,750 $29,520 $35,424 $95,694 Current year's costs 36,900 44280 53,136 134,316 7641 Balance 1/1 13,530 22,140 26,568 62,238 Current year's costs 52,890 59,040 70,848 182,778 7642 Current year's costs 71,340 67,650 81,180 220,200 Other data: 1. Raw materials inventory totaled $18.450 on January 1. During the year, $172,200 of raw materials were purchased on account 2 Finished goods on January 1 consisted of Job No. 7638 for $107.010 and Job No. 7639 for $113,160, 3. Job No.7640 and Job No. 7641 were completed during the year. 4 Job Nos. 7638.7639, and 7641 were sold on account for $651,900. 5. 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. 6. Prove the agreement of Work in Process Inventory with job cost sheets pertaining to unfinished work. Posteach 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 V1 Balance 157932 Completed Work Direct Materials 161130 Direct Labor 170970 Manufacturing Overhead 205164 2/31 Balance 220170 Work in process balance $ Unfinished job $ e Textbook and Media List of Accounts Prepare the adjusting entry for manufacturing overhead, assuming the balance is allocated entirely to Cost of Goods Sold. (Credit account 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