For the year ended December 31, 2020, the job cost sheets of Cinta Company contained the following data. Job Number 7640 Direct Materials Direct Labor Manufacturing Overhead Total Costs $90,248 $29,000 34.800 $33,408 50.112 Explanation Balance 1/1 Current year's costs Balance 1/1 Current year's costs Current year's costs 7641 12,760 49,880 67,280 $27,840 41,760 20,880 55,680 63,800 25,056 66,816 76,560 126,672 58,696 172,376 207,640 7642 Other data: 1. 2. 3. Raw materials inventory totaled $17,400 on January 1. During the year, $162,400 of raw materials were purchased on account. Finished goods on January 1 consisted of Job No. 7638 for $100,920 and Job No. 7639 for $106,720. Job No. 7640 and Job No. 7641 were completed during the year. Job Nos. 7638,7639, and 7641 were sold on account for $614,800. Manufacturing overhead incurred on account totaled $139,200. Other manufacturing overhead consisted of indirect materials $16,240, indirect labor $20,880, and depreciation on factory machinery $9,280. 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 Balance Completed Work Direct Materials Direct Labor Manufacturing Overhead 12/31 Balance Work in process balance $ Unfinished job $