For the year ended December 31, 2022, the job cost sheets of Wildhorse Company contained the following data. Job Number Explanation Direct Materials Direct Labor Manufacturing Overhead Total Costs 7640 Balance 1/1 $32,500 $31,200 $37,440 $101,140 Current year's costs 39,000 46,800 56,160 141,960 7641 Balance 1/1 14,300 23,400 28,080 65,780 Current year's costs 55,900 62,400 74,880 193,180 7642 Current year's costs 75,400 71,500 85,800 232,700 Other data: 1. Raw materials inventory totaled $19,500 on January 1. During the year, $182,000 of raw materials were purchased on account. 2. Finished goods on January 1 consisted of Job No. 7638 for $113,100 and Job No. 7639 for $119,600. 3. Job No. 7640 and Job No. 7641 were completed during the year.