For the year ended December 31, 2022, the job cost sheets of Crane Company contained the following data. Job Number Explanation Direct Materials Direct Labor Manufacturing Overhead Total Costs 7640 Balance 1/1 $25,250 $24,240 $29,088 $78,578 Current years costs 30,300 36,360 43,632 110,292 7641 Balance 1/1 11,110 18,180 21,816 51,106 Current years costs 43,430 48,480 58,176 150,086 7642 Current years costs 58,580 55,550 66,660 180,790 Other data: 1. Raw materials inventory totaled $15,150 on January 1. During the year, $141,400 of raw materials were purchased on account. Factory labor incurred was $158,570. 2. Finished goods on January 1 consisted of Job No. 7638 for $87,870 and Job No. 7639 for $92,920. 3. Job No. 7640 and Job No. 7641 were completed during the year. 4. Job Nos. 7638, 7639, and 7641 were sold. 5. Manufacturing overhead incurred on account totaled $121,200. 6. Other manufacturing overhead consisted of indirect materials $14,140, indirect labor $18,180, and depreciation on factory machinery $8,080. (a)-(c) (a) (1) Enter January 1 balances in Raw Materials Inventory, Work in Process Inventory, and Finished Goods Inventory. (2) Record the 2022 transactions. (b) Prove the agreement of Work in Process Inventory with job cost sheets pertaining to unfinished work. (c) Record the adjustment for over- or underapplied manufacturing overhead, assuming the balance is allocated entirely to Cost of Goods Sold. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Manufacturing Costs Work in Process Inventory Finished Goods Inventory Cost of Goods Sold Raw Materials Inventory Factory Labor Manufacturing Overhead (a) Beginning balance $enter a dollar amount $enter a dollar amount $enter a dollar amount $enter a dollar amount $enter a dollar amount $enter a dollar amount Purchased raw materials enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount Incurred factory labor enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount Direct materials enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount Indirect materials enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount Direct labor enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount Indirect labor enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount Overhead costs incurred enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount Factory equip. depreciation enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount Assigned overhead enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount Completed jobs enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount Sold jobs enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount (b) WIP balance enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount (c) Overapplied overhead enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount Work in process balance $enter a work in process balance in dollar Unfinished job select an option $enter a dollar amount