For the year ended December 31, 2022, the job cost sheets of Sheridan Company contained the following data. Job Number Explanation Direct Materials Direct Labor Manufacturing Overhead Total Costs 7640 Balance 1/1 $26,250 $25,200 $30,240 $81,690 Current year's costs 31,500 37,800 45,360 114,660 7641 Balance 1/1 11,550 18,900 22,680 53,130 Current year's costs 45,150 50,400 60,480 156,030 7642 Current year's costs 60,900 57,750 69,300 187,950 Other data: 1. Raw materials inventory totaled $15,750 on January 1. During the year, $147,000 of raw materials were purchased on account. Factory labor incurred was $164,850. 2. Finished goods on January 1 consisted of Job No. 7638 for $91,350 and Job No. 7639 for $96,600. 3. Job No. 7640 and Job No. 7641 were completed during the year. 4. Job Nos. 7638, 7639, and 7641 were sold. 5. Manufacturing overhead incurred on account totaled $126,000. 6. (a)-(c) Other manufacturing overhead consisted of indirect materials $14,700, indirect labor $18,900, and depreciation on factory machinery $8,400. (a) (1) Enter January 1 balances in Raw Materials Inventory, Work in Process Inventory, and Finished Goods Inventory. (2) Record the 2022 transactions. (b) (c) Prove the agreement of Work in Process Inventory with job cost sheets pertaining to unfinished work. Record the adjustment for over- or underapplied manufacturing overhead, assuming the balance is allocated entirely to Cost of Goods Sold. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Manufacturing Costs Raw Materials Inventory Factory Labor (a) Beginning balance Purchased raw materials Incurred factory labor Direct materials Indirect materials Direct labor Indirect labor Overhead costs incurred Factory equip. depreciation Assigned overhead Completed jobs Sold jobs (b) WIP balance (c) Overapplied overhead Work in process balance $ Unfinished job $ Work in Process Inventory Finished Goods Inventory Cost of Goods Sold Manufacturing Overhead $ $