For the year ended December 31, 2020, the job cost sheets of Cinta Company contained the following data. Que Acco Job Number Explanation Direct Materials Direct Labor Manufacturing Overhead Total Costs Viev Accou 7640 Balance 1/1 $26,000 $24.960 $29.952 $80,912 Current year's costs 31,200 37.440 44,928 113,568 Ques Accoun 7641 Balance 1/1 11.440 18.720 22,464 52,624 Current year's costs 44,720 49.920 59.904 154,544 Quest Account 7642 Current year's costs 60,320 57,200 68,640 186,160 Quest Account Other data: 1 Raw materials inventory totaled $15,600 on January 1. During the year. $145,600 of raw materials were purchased on account 2 3 4 Finished goods on January 1 consisted of Job No. 7638 for $90,480 and Job No.7639 for $95,680 Job No.7640 and Job No. 7641 were completed during the year, Job Nos. 7638,7639, and 7641 were sold on account for $551.200. Manufacturing overhead incurred on account totaled $124 800 Other manufacturing overhead consisted of indirect materials $14.560, indirect labor $18,720, and depreciation on factory machinery $8,320 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 1/1