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

For the year ended December 31, 2022, the job cost sheets of Oriole Company contained the following data. Job Number Explanation Direct Materials Direct Labor Manufacturing Overhead Total Costs 7640 Balance 1/1 $27,500 $26,400 $31,680 $85,580 Current years costs 33,000 39,600 47,520 120,120 7641 Balance 1/1 12,100 19,800 23,760 55,660 Current years costs 47,300 52,800 63,360 163,460 7642 Current years costs 63,800 60,500 72,600 196,900 Other data: 1. Raw materials inventory totaled $16,500 on January 1. During the year, $154,000 of raw materials were purchased on account. 2. Finished goods on January 1 consisted of Job No. 7638 for $95,700 and Job No. 7639 for $101,200. 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 $583,000. 5. Manufacturing overhead incurred on account totaled $132,000. 6. Incurred depreciation on factory machinery $8,800. 7. Assigned indirect materials of $15,400 and indirect labor of $19,800.

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