Problem 15-2 For the year ended December 31, 2017, the job cost sheets of Cinta Company contained the following data. Direct Direct Manufacturing Total anation Materials Labor Overhead Costs Number Expl $31,968 $86,358 47,952 121,212 23,976 56,166 63,936 164,946 73,260 199,690 7640 Belance 1/1 27,750 $26,640 Current year's costs 33,300 39,960 7641 Balance 1/1 12,210 19,980 Current year's costs47.730 53,280 Current year's costs64,380 61,050 Other deta: 1. Raw materials inventory totaled $16,650 on January 1. During the year, $155,400 of raw materials were purchased on account. 2. Finished goods on January 1 consisted of Job No. 7638 for $96,570 and Job No. 7639 for $102,120. 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 588,300. S Manufacturing overhead incurred on account totaled $133,200 6. Other manufacturing overhead consisted of indirect materials $15,540, indirect labor $19,980, and depreciation on factory machinery $8,880 2 Your answer is partially correct. Try again Prove the agreement of Work in Process Inventory with job cost sheets pertaining to unfinished work. (Hint: Use a single T-account for Work in Process Inventory.) 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 1/1 Balance Diroct Materials Direct Labor 12/31 Balance Work in process belence