please update as early as possible in the asked format

CHAPTER 12 Question 1 For the year ended December 31, 2022, the job cost sheets of Waterway Company contained the following data. Other data: 1. Raw materials inventory totaled $18,750 on January 1. During the year, $175,000 of raw materials were purchased on account. Factory labor incurred was $196,250. 2. Finished goods on January 1 consisted of Job No. 7638 for $108,750 and Job No. 7639 for $115,000. 3. Job Na. 7640 and Job No. 7641 were completed during the year. 4. Job Nos. 7638, 7639, and 7641 were sold. 5. Manufacturing overhead incurred on account totaled $150,000. 6. Other manufacturing overhead consisted of indirect materials $17,500, indirect labor $22,500, and depreciation on factory machinery $10,000 (a) (1) Enter January 1 balances in Raw Materials Inventory, Work in Process Inventory, and Finished Goods inventory. (2) Record the 2022 transactions. (b) Prove the agreement of Work in Process Inventory with job cost sheets pertaining to unfinished work. (c) Record the adjustment for over- or underapplied manufacturing overhead, assuming the balance is allocated entirely to Cost of Goods Sold. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) (d) The parts of this question must be completed in order. This part will be available when you complete the part above