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
1/1	Balance	148,944	Completed Work	447,992
	Direct Materials	151,9600
	Direct Labor	161,240
	Manufacturing Overhead	193,488
12/31	Balance	207,640

Work in process balance		$207,640
Unfinished job= job 7642		$207,640

(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
enter an account title	enter a debit amount	enter a credit amount
enter an account title	enter a debit amount	enter a credit amount

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