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For the year ended December 31, 2022, the job cost sheets of Crane Company contained the following data. Job Number Direct Direct Explanation Materials
For the year ended December 31, 2022, the job cost sheets of Crane Company contained the following data. Job Number Direct Direct Explanation Materials Labor Manufacturing Overhead Total Costs 7640 Balance 1/1 $31.500 $30,240 $36,288 $98,028 Current year's costs 37,800 45.360 54,432 137,592 7641 Balance 1/1 13.860 22,680 27.216 63,756 Current year's costs 54,180 60,480 72.576 187,236 7642 Current year's costs 73,080 69.300 83.160 225.540 Other data: 1. Raw materials Inventory totaled $18.900 on January 1. During the year, $176.400 of raw materials were purchased on account 2. Finished goods on January 1 consisted of Job No. 7638 for $109.620 and Job No. 7639 for $115.920 3. Job No. 7640 and Job No. 7641 were completed during the year. 4 5. 7 Job Nos. 7638.7639, and 7641 were sold on account for $667.800 Manufacturing overhead incurred on account totaled $151.200 Incurred depreciation on factory machinery $10,080 Assigned indirect materials of $17.640 and indirect labor of $22.680
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