Problem 20-02A a-c For the year ended December 31, 2020, the job cost sheets of Sandhill Company contained the following data. Job Number 7640 Explanation Balance 1/1 Current year's costs Balance 1/1 Current year's costs Current year's costs Direct Materials $27,500 33,000 12,100 47,300 63,800 Direct Labor $26,400 39,600 19,800 52,800 60,500 Manufacturing Overhead $31,680 47,520 23,760 63,360 72,600 Total Costs $85,580 120,120 55,660 163,460 196,900 7641 7642 Other data: 1. Raw materials inventory totaled $16,500 on January 1. During the year, $154,000 of raw materials were purchased on account. 2. Finished goods on January 1 consisted of Job No. 7638 for $95,700 and Job No. 7639 for $101,200. 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 $583,000. 5. Manufacturing overhead incurred on account totaled $132,000. 6. Other manufacturing overhead consisted of indirect materials $15,400, indirect labor $19,800, and depreciation on factory machinery $8,800. Prove the agreement of Work in Process Inventory with job cost sheets pertaining to unfinished work. 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. Prove the agreement of Work in Process Inventory with job cost sheets pertaining to unfinished work. Post each to the T-account in the completed jobs Work in Process Inventory 1/1 Balance 141200 Completed Work 42820 Direct Materials 144100 Direct Labor 152900 Manufacturing Overhead 7480 12/31 Work in process balance Unfinished job SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT