Gross profit ?

For the year ended December 31, 2020, the job cost sheets of Cinta Company contained the following data. Job Number Explanation Direct Materials Direct Labor Manufacturing Overhead Total Costs 7640 Balance 1/1 $25,500 $24.480 $29.376 $79.356 Current year's costs 30.600 36.720 44.064 111.384 7641 Balance 1/1 11.220 18.360 22.032 51.612 Current year's costs 43.860 48.960 58.752 151.572 7642 Current year's costs 59.160 56.100 67.320 182.580 Other data: 1. Raw materials inventory totaled $15.300 on January 1. During the year. $142.800 of raw materials were purchased on account. 2. Finished goods on January 1 consisted of Job No. 7638 for $88.740 and Job No. 7639 for $93.840. 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 $540.600. 5. Manufacturing overhead incurred on account totaled $122 400. 6. Other manufacturing overhead consisted of indirect materials $14.280. indirect labor $18.360. and depreciation on factory machinery $8.160. 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 130968 Completed Work 393924 Direct Materials 133620 Direct Labor 141780 Manufacturing Overhead 170136 31 Balance 182580 182580 Work in process balance Unfinished job No 7642 $ 182580 Prepare the adjusting entry for manufacturing overhead, assuming the balance is allocated entirely to Cost of Goods Sold. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Manufacturing Overhead 6936 Cost of Goods Sold 6936 e Textbook and Media List of Accounts (c) Determine the gross profit to be reported for 2020. Gross profit e Textbook and Media List of Accounts