For the year ended December 31, 2020, the job cost sheets of Cinta Company contained the following data. Job Number Direct Materials Direct Labor Manufacturing Overhead Total Costs Explanation 7640 Balance 1/1 $ 29,000 $ 27,840 $33,408 $ 90,248 Current year's costs 34,800 41,760 50,112 126,672 7641 Balance 1/1 12,760 20,880 25,056 58,696 Current year's costs 49,880 55,680 66,816 172,376 7642 Current year's costs 67,280 63.800 76,560 207,640 Other data: 1. Raw materials inventory totaled $ 17,400 on January 1. During the year, $ 162,400 of raw materials were purchased on account. 2. Finished goods on January 1 consisted of Job No. 7638 for $ 100,920 and Job No. 7639 for $ 106,720. 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 $614,800. 5. Manufacturing overhead incurred on account totaled $ 139,200. 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 Manufacturing Overhead 155440 Cost of Goods Sold 155440 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 $614,800. 5. Manufacturing overhead incurred on account totaled $ 139,200. 6. Other manufacturing overhead consisted of indirect materials $ 16,240, indirect labor $ 20,880, and depreciation on factory machinery $ 9,280. (a) Your answer is correct. 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 148944 Completed Work 447992