For the year ended December 31, 2020, the job cost sheets of Sunland Company contained the following data. Job Number Direct Labor Manufacturing Overhead Total Costs 7640 Explanation Balance 1/1 Current year's costs Balance 1/1 Current year's costs Current year's costs Direct Materials $29,750 35,700 13,090 51,170 69,020 7641 $28,560 42,840 21,420 57,120 65,450 $34,272 51,408 25,704 68,544 78,540 $92,582 129,948 60,214 176,834 213,010 7642 Other data: 1 2. 3. Raw materials inventory totaled $17,850 on January 1. During the year, $166,600 of raw materials were purchased on account. 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 $142,800. Other manufacturing overhead consisted of indirect materials $16,660, indirect labor $21,420, and depreciation on factory machinery $9,520. 4. 5. 6