Homework Chapter 20 Question 2 of 2 4 For the year ended December 31, 2022, the job cost sheets of Sheridan Company contained the following data Job Number Explanation Direct Materials Direct Labor Manufacturing Overhead Total Costs 7640 Balance 1/1 $28.500 $27.360 $32.832 $88692 Current year's costs 34,200 41040 49.248 124488 7641 Balance 1/1 12.540 205201 24.624 57184 Current year's costs 49020 54,720 45.664 169404 7642 Current year's costs 66.120 12700 75240 204,060 Other data 1. 36.11/50 E Raw materials inventory totaled $17.300 on January 1. During the year $159.600 of raw materials were purchased on account 2 Finished goods on January 1 consisted of Job No. 7638 for $99,380 and Job No. 7639 for $10 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 $604,200 5 b Incurred depreciation on factory machinery $9.120 7 Manufacturing overhead incurred on account totaled $136,800 Assigned indirect materials of $15.960 and indirect tabor of $20.520)