For the year ended December 31, 2022. the job cost sheets of Ivanhoe Company contained the following data Job Number Direct Materials Direct Labor Manufacturing Overhead Total Costs Explanation 7640 $27,000 Balance 1/1 $25.920 $84,024 $31.104 32.400 38,880 46,656 Current year's costs 117.936 7641 11.880 19.440 23,328 54.648 Balance 1/1 46,440 Current year's costs 51,840 62,208 160,488 7642 62,640 71.280 59.400 193,320 Current year's costs Other data 1 2 Raw materials inventory totaled $16,200 on January 1. During the year, $151.200 of raw materials were purchased on account Finished goods on January 1 consisted of Job No. 7638 for $93,960 and Job No. 7639 for $99,360. Job No. 7640 and Job No. 7641 were completed during the year, Job Nos. 7638.7639, and 7641 were sold on account for $572.400. 3 4 5. Manufacturing overhead incurred on account totaled $129,600. 6 incurred depreciation on factory machinery $8,640. 7 Assigned indirect materials of $15.120 and indirect labor of $19.440. (a) Prove the agreement of Work in Process Inventory with job cost sheets pertaining to unfinished work. Posteach 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 12/31 $ Work in process balance Unfinished job