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 $ 34,272 Total Costs 7640 $29.750 $ 28,560 $ 92,582 35,700 42,840 51.408 129.948 Explanation Balance 1/1 Current year's costs Balance 1/1 Current year's costs Current year's costs 7641 13.090 21.420 25,704 60,214 51,170 57,120 68.544 176,834 7642 69,020 65,450 78.540 213,010 Other data: 1 Raw materials inventory totaled $ 17.850 on January 1. During the year. $ 166,600 of raw materials were purchased on account. 2 3. 4 Finished goods on January 1 consisted of Job No. 7638 for $ 103,530 and Job No. 7639 for $ 109,480. Job No. 7640 and Job No 7641 were completed during the year. Job Nos. 7638.7639 and 7641 were sold on account for $630,700 Manufacturing overhead incurred on account totaled S 142,800 Other manufacturing overhead consisted of indirect materials $ 16,660, indirect labor 5 21 420, and depreciation on factory machinery $ 9.520 5. 6. Account Titles and Explanation Debit Credit Manufacturing Overhead 8092 Cost of Goods Sold 8092 eTextbook and Media List of Accounts Attempts: 1 of 3 used (c) Your answer is incorrect. Determine the gross profit to be reported for 2020. Gross profit e Textbook and Media