Problem 2-2A (Video) For the year ended December 31, 2020, the job cost sheets of Cinta Company contained the following data. Job Number Explanation Direct Materials Direct Labor Manufacturing Overhead Total Costs 7640 Balance 1/1 Current year's costs $27,750 $26,640 33,300 39,960 $31,968 $86,358 47,952 121,212 7641 Balance 1/1 12,210 19,980 23,976 56,166 Current year's costs 47,730 53,280 63,936 164,946 7642 Current year's costs 64,380 61,050 73,260 198,690 Other data: 1. Raw materials inventory totaled $16,650 on January 1. During the year, $155,400 of raw materials were purchased on account. 2. 3. Finished goods on January 1 consisted of Job No. 7638 for $96,570 and Job No. 7639 for $102,120. 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. Manufacturing overhead incurred on account totaled $133,200. 5. 56 Other manufacturing overhead consisted of indirect materials $15,540, indirect labor $19,980, and depreciation on factory machinery $8,880. 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. 1/1 12/31 Work in process balance Unfinished job Work in Process Inventory