For the year ended December 31, 2022, the job cost sheets of Oriole Company contained the following data: Direct Materials Direct Labour Manufacturing Overhead Total Costs Job Number Explanation 7640 Balance 1/1 $ 25,600 $ 24,100 $ 29,700 $ 79,400 Current year's costs 30,500 35,700 44,100 110,300 7641 Balance 1/1 12,000 18,300 22,200 52,500 Current year's costs 43,300 48,700 57,900 149,900 7642 Current year's costs 48,000 55,400 66,500 169,900 Other data: 1. Raw materials inventory totalled $ 15,500 on January 1. During the year, $ 140,500 of raw materials were purchased on account. 2. Finished goods on January 1 consisted of Job No. 7638 for $ 87,300 and Job No. 7639 for $ 92,300. 3. Job No. 7640 and Job No. 7641 were completed during the year. 4. Jobs 7638,7639, and 7641 were sold on account for $530,000 in total. 5. Manufacturing overhead incurred on account totalled $ 120,000. 6. Incurred depreciation on factory machinery $ 7,800. 7. Assigned indirect materials of $ 13,300 and indirect labour of $ 19,800. (a) Prove the agreement of Work in Process Inventory with job cost sheets pertaining to unfinished work. (Hint: Use a single T account for Work in Process Inventory.) Calculate each of the following, then post each to the Taccount: (1) beginning balance, (2) direct materials, (3) direct labour, (4) manufacturing overhead, and (5) completed jobs. (Post entries in the order displayed in the problem statement.) 1. Beginning balance $ 2. Direct materials $ 3. Direct labour $ 4. Manufacturing overhead $ 5. Completed jobs $ closing balance $ Work in Process Inventory 1/1 4 12/31 e Textbook and Media