Homework Chapter 20 Question 2 of 2 33.3350 Prepare an income statement through gross profit for 2022 SHERIDAN COMPANY Income Statement partial) For the year ended December 31, 2022, the job cost sheets of Sheridan Company contained the following data Job Number Direct Materials Explanation Direct Labor Manufacturing Overhead Total Costs 7640 $28.500 $27,360 $32832 $88,692 34 200 41040 49,248 124.488 7641 Balance 1/1 Current year's costs Balance 11 Current years costs Current year's costs 12.540 24,624 57.654 49,020 20.520 54.720 62,700 65.864 169.404 7642 66,120 75.240 204060 Other data 1 2 3 Raw materials inventory totaled $17.100 on January 1. During the year. 5159.600 of raw materials were purchased on account Finished good on January 1 coristed of job No 7638 for $99.180 and Bob No. 7639 for $104880 Job No:7640 and Job No.7641 were completed during the year Job Nos 7638.7639 and 7641 were sold on account for 5604200 Maracturing overhead incurred on account totaled $136.000 incurred depreciation on factory machinery 59. 120 Assigned indirect materials of $15.960 and indirector of 520,5202 4 5 6 7