For the year ended December 31, 2022, the job cost sheets of Sunland Company contained the following data.

Job Number		Explanation		Direct Materials		Direct Labor		Manufacturing Overhead		Total Costs
7640		Balance 1/1		$29,000		$27,840		$33,408		$90,248
		Current year's costs		34,800		41,760		50,112		126,672
7641		Balance 1/1		12,760		20,880		25,056		58,696
		Current year's costs		49,880		55,680		66,816		172,376
7642		Current year's costs		67,280		63,800		76,560		207,640

Other data:

1.		Raw materials inventory totaled $17,400on January 1. During the year, $162,400of raw materials were purchased on account.
2.		Finished goods on January 1 consisted of Job No. 7638 for $100,920and Job No. 7639 for $106,720.
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 $614,800.
5.		Manufacturing overhead incurred on account totaled $139,200.
6.		Incurred depreciation on factory machinery $9,280.
7.		Assigned indirect materials of $16,240 and indirect labor of $20,880.

(a)

Prove the agreement of Work in Process Inventory with job cost sheets pertaining to unfinished work. Post each to the T-account in the following order: (1) beginning balance, (2) direct materials, (3) direct labor, (4) manufacturing overhead, and (5) completed jobs.

Work in Process Inventory
	balance	148,944	Completed Work	447,992
	Direct Materials	151,960
	Direct Labor	161,240
	Manufacturing Overhead	193,488
12/31	Balance	207,640

Work in process balance		$enter the work in process balance in dollars
Unfinished jobselect a job number No. 7638No. 7639No. 7640No. 7641No. 7642		$enter a dollar amount

(b)

the adjusting entry for manufacturing overhead, assuming the balance is allocated entirely to Cost of Goods Sold. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Account Titles and Explanation	Debit	Credit
manufacturing overhead	7,888
cost of goods sold		7,888

(c)

an income statement through gross profit for 2022.

SUNLAND COMPANY Income Statement (partial) choose the accounting period For the Month Ended December 31, 2022For the Year Ended December 31, 2022December 31, 2022
select an income statement item Cost of Goods ManufacturedCost of Goods SoldFinished Goods, December 31Gross ProfitSales RevenueDirect Materials UsedDirect LaborOverapplied OverheadUnderapplied OverheadJob 7638Job 7639Job 7641				$enter a dollar amount
select an opening section name Cost of Goods ManufacturedCost of Goods SoldFinished Goods, December 31Gross ProfitSales RevenueDirect Materials UsedDirect LaborOverapplied OverheadUnderapplied OverheadJob 7638Job 7639Job 7641
select between addition and deduction AddLess:
select an income statement item Cost of Goods ManufacturedCost of Goods SoldFinished Goods, December 31Gross ProfitSales RevenueDirect Materials UsedDirect LaborOverapplied OverheadUnderapplied OverheadJob 7638Job 7639Job 7641		$enter a dollar amount
select an income statement item Cost of Goods ManufacturedCost of Goods SoldFinished Goods, December 31Gross ProfitSales RevenueDirect Materials UsedDirect LaborOverapplied OverheadUnderapplied OverheadJob 7638Job 7639Job 7641		enter a dollar amount
select an income statement item Cost of Goods ManufacturedCost of Goods SoldFinished Goods, December 31Gross ProfitSales RevenueDirect Materials UsedDirect LaborOverapplied OverheadUnderapplied OverheadJob 7638Job 7639Job 7641		enter a dollar amount
		enter a subtotal of the three previous amounts
select between addition and deduction AddLess:select an income statement item Cost of Goods ManufacturedCost of Goods SoldFinished Goods, December 31Gross ProfitSales RevenueDirect Materials UsedDirect LaborOverapplied OverheadUnderapplied OverheadJob 7638Job 7639Job 7641		enter a dollar amount		enter a total amount for this section
select a closing name for this statement Cost of Goods Available for SaleCost of Goods ManufacturedCost of Goods SoldFinished Goods, May 1Finished Goods, May 31Gross ProfitSales RevenueWork in Process, May 1Work in Process, May 31Raw Materials, May 1Raw Materials, May 31Total Work in ProcessManufacturing Overhead AppliedTotal Manufacturing CostsDirect LaborDirect Materials Used				$enter a total amount for this statement

List of Accounts

Assistance Used

• Accounts Payable
• Accounts Receivable
• Accumulated Depreciation-Buildings
• Accumulated Depreciation-Equipment
• Cash
• Cost of Completed Service Contracts
• Cost of Goods Sold
• Depreciation Expense
• Employer Fringe Benefits Payable
• Employer Payroll Taxes Payable
• Factory Labor
• Factory Wages Payable
• Finished Goods Inventory
• Manufacturing Overhead
• Operating Overhead
• Prepaid Property Taxes
• Raw Materials Inventory
• Salaries and Wages Payable
• Sales Revenue
• Service Contracts in Process
• Service Salaries and Wages
• Supplies
• Utilities Payable
• Work in Process Inventory