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 $30,500 36,600 13,420 52,460 70,760 Direct Labor $29,280 43,920 21,960 58,560 67,100 Manufacturing Overhead $35,136 52,704 26,352 70,272 80,520 Total Costs $94,916 133,224 61,732 181,292 218,380 7641 7642 Other data: 1. 2. 3. Raw materials inventory totaled $18,300 on January 1. During the year, $170,800 of raw materials were purchased on account. Finished goods on January 1 consisted of Job No. 7638 for $106,140 and Job No. 7639 for $112,240. Job No. 7640 and Job No. 7641 were completed during the year. Job Nos. 7638,7639, and 7641 were sold on account for $646,600. Manufacturing overhead incurred on account totaled $146,400. Other manufacturing overhead consisted of indirect materials $17,080, indirect labor $21,960, and depreciation on factory machinery $9,760. 4. 5. 6. 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 Completed Work 1/1 Balance Direct Materials Direct Labor Manufacturing Overhead 4 12/31 Balance Work in process balance $ Unfinished job $ $