OURCES Job Number Direct Labor 20 7640 Explanation Balance 1/1 Current year's costs Balance 1/1 Current year's costs Current year's costs Direct Materials $28,750 34,500 12,650 49,450 66,700 Manufacturing Total Overhead Costs $33,120 $89,470 49.680 125,580 24,840 58,190 66,240 170,890 75,900 205,850 $27,600 41,400 20,700 55,200 63,250 7541 7642 Other data by Study 1 Raw materials inventory totaled $17,250 on January 1. During the year, $161,000 of raw materials were purchased on account. 2 Finished goods on January 1 consisted of Job No. 7638 for $100,050 and Job No. 7639 for $105,800 3. Job No. 7640 and Job No. 7641 were completed during the year, 4 Job Nos. 7630, 7639, and 7641 were sold on account for $609,500 5. Manufacturing overhead incurred on account totaled $138,000 6 Other manufacturing overhead consisted of indirect materials $16,100, indirect labor $20,700, and depreciation on factory machinery 19,200 () 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 12/31 Work in process balance