For the year ended December 31, 2022, the job cost sheets of Pharoah Company contained the following data. Job Number 7642 7640 7641 Other data: 1. 2. 3. 4. 5. 6. 7. Explanation Balance 1/1 Current year's costs Balance 1/1 Current year's costs Current year's costs Direct Materials $22,500 27,000 9,900 38,700 52,200 Direct Labor $21,600 32,400 16,200 43,200 49,500 Total Costs $25,920 $70,020 Manufacturing Overhead 38,880 19,440 98,280 45,540 51,840 133,740 59,400 161,100 Raw materials inventory totaled $13,500 on January 1. During the year, $126,000 of raw materials were purchased on account. Finished goods on January 1 consisted of Job No. 7638 for $78,300 and Job No. 7639 for $82,800. Job No. 7640 and Job No. 7641 were completed during the year. Job Nos. 7638, 7639, and 7641 were sold on account for $477,000. Manufacturing overhead incurred on account totaled $108,000. Incurred depreciation on factory machinery $7,200. Assigned indirect materials of $12,600 and indirect labor of $16,200.

For the year ended December 31, 2022, the job cost sheets of Pharoah Company contained the following data: Other data: 1. Raw materials inventory totaled $13,500 on January 1 . During the year, $126,000 of raw materials were purchased on account. 2. Finished goods on January 1 consisted of Job No. 7638 for $78,300 and Job No. 7639 for $82.800. 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 $477,000. 5. Manufacturing overhead incurred on account totaled $108,000. 6. Incurred depreciation on factory machinery $7,200. 7. Assigned indirect materials of $12,600 and indirect labor of $16,200. Prove the agreement of Work in Process imventory 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 overhtead, and (5) eompleted jobs