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Problem 20-02A a-c (Part Level Submission) For the year ended December 31. 2020, the job cost sheers of Crane Company contained the following data. Total
Problem 20-02A a-c (Part Level Submission) For the year ended December 31. 2020, the job cost sheers of Crane Company contained the following data. Total Direct Materials Labor 7640 Balance 1/1 Current year's costs Balance 1/1 Current year's costs 528,250 $27,120 33,900 40,680 12.43020.340 48.590 54,240 65,540 62.150 32,544 S87,914 48,816 123,396 24,408 57.178 65,088 167.918 74,580 202,270 7641 642 Crent year's costs Other data 1 Raw materials inventory totaled $16.950 on January 1. During the year, $158,200 of raw materials were purchased on account. 2 Finishad goods on January 1 consistad of Job No. 7638 for $98,310 and Job No. 7639 for $103,960. 3. Job No. 7640 and Job No. 7641 were completed during the year Job Nos. 7638, 7639, and 7641 were sold on account for $598,900. 5. Manufacturing overhead incurred on account totaled $135,500 . Other manufacturing overhead consisted of indirect materials $15,820, indirect labor $20,340, and depreciation on factory machinery $9,040 Prove the agreement of Work in Process Inventory with job cost sheets pertaining to unfinished work. Post each to theTeccount in the following order (1) beginning belance, (2) direct materiels, (3) direc labot (4) manufacturing overhesd, and (5) completed jobs Work in Process Inventory 1/1 Balance 145092 Completed Work Direct Materials Direct Labor Manufacturing Overhead 12/31 Balance in process balance Unfinishad job Click if you would like to Show Work for this
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