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For the year ended December 31, 2022, the job cost sheets of Sunland Company contained the following data. Job Number Explanation Direct Materials Direct Labor

For the year ended December 31, 2022, the job cost sheets of Sunland Company contained the following data.

Job Number

Explanation

Direct Materials

Direct Labor

Manufacturing Overhead

Total Costs

7640

Balance 1/1

$23,500 $22,560 $27,072 $73,132

Current years costs

28,200 33,840 40,608 102,648

7641

Balance 1/1

10,340 16,920 20,304 47,564

Current years costs

40,420 45,120 54,144 139,684

7642

Current years costs

54,520 51,700 62,040 168,260

Other data:

1. Raw materials inventory totaled $14,100 on January 1. During the year, $131,600 of raw materials were purchased on account.
2. Finished goods on January 1 consisted of Job No. 7638 for $81,780 and Job No. 7639 for $86,480.
3. Job No. 7640 and Job No. 7641 were completed during the year.
4. Job Nos. 7638, 7639, and 7641 were sold on account for $498,200.
5. Manufacturing overhead incurred on account totaled $112,800.
6. Incurred depreciation on factory machinery $7,520.
7. Assigned indirect materials of $13,160 and indirect labor of $16,920.

Prepare an income statement through gross profit for 2022.

SUNLAND COMPANY Income Statement (partial) choose the accounting period For the Month Ended December 31, 2022December 31, 2022For the Year Ended December 31, 2022

select an income statement item Cost of Goods ManufacturedCost of Goods SoldFinished Goods, December 31Gross ProfitSales RevenueDirect Materials UsedDirect LaborOverapplied OverheadUnderapplied OverheadJob 7638Job 7639Job 7641

$enter a dollar amount

select an opening section name Cost of Goods ManufacturedCost of Goods SoldFinished Goods, December 31Gross ProfitSales RevenueDirect Materials UsedDirect LaborOverapplied OverheadUnderapplied OverheadJob 7638Job 7639Job 7641

select between addition and deduction AddLess:

select an income statement item Cost of Goods ManufacturedCost of Goods SoldFinished Goods, December 31Gross ProfitSales RevenueDirect Materials UsedDirect LaborOverapplied OverheadUnderapplied OverheadJob 7638Job 7639Job 7641

$enter a dollar amount

select an income statement item Cost of Goods ManufacturedCost of Goods SoldFinished Goods, December 31Gross ProfitSales RevenueDirect Materials UsedDirect LaborOverapplied OverheadUnderapplied OverheadJob 7638Job 7639Job 7641

enter a dollar amount

select an income statement item Cost of Goods ManufacturedCost of Goods SoldFinished Goods, December 31Gross ProfitSales RevenueDirect Materials UsedDirect LaborOverapplied OverheadUnderapplied OverheadJob 7638Job 7639Job 7641

enter a dollar amount

enter a subtotal of the three previous amounts

select between addition and deduction AddLess: select an income statement item Cost of Goods ManufacturedCost of Goods SoldFinished Goods, December 31Gross ProfitSales RevenueDirect Materials UsedDirect LaborOverapplied OverheadUnderapplied OverheadJob 7638Job 7639Job 7641

enter a dollar amount enter a total amount for this section

select a closing name for this statement Cost of Goods Available for SaleCost of Goods ManufacturedCost of Goods SoldFinished Goods, May 1Finished Goods, May 31Gross ProfitSales RevenueWork in Process, May 1Work in Process, May 31Raw Materials, May 1Raw Materials, May 31Total Work in ProcessManufacturing Overhead AppliedTotal Manufacturing CostsDirect LaborDirect Materials Used

$enter a total amount for this statement

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