Question 11 For the year ended December 31, 2020, the job cost sheets of Cinta Company contained the following data. Job Number Direct Materials Direct Labor Manufacturing Overhead Explanation Total Costs 7640 Balance 1/1 $25,200 37,800 $81,690 114,660 7641 Current year's costs Balance 1/1 Current year's costs Current year's costs $26,250 31,500 11,550 45,150 60,900 18,900 50,400 $30,240 45,360 22,680 60,480 69,300 53,130 156,030 187,950 7642 57,750 Other data: 1. 2. 3. Raw materials inventory totaled $15,750 on January 1. During the year, $147,000 of raw materials were purchased on account. Finished goods on January 1 consisted of Job No. 7638 for $91,350 and Job No. 7639 for $96,600. Job No. 7640 and Job No. 7641 were completed during the year. Job Nos. 7638, 7639, and 7641 were sold on account for $556,500. Manufacturing overhead incurred on account totaled $126,000. Other manufacturing overhead consisted of indirect materials $14,700, indirect labor $18,900, and depreciation on factory machinery $8,400. 4. 5. 6. (a) 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. Work in Process Inventory 1/1 12/31 Work in process alance $ Unfinished job $ Click if you would like to Show Work for this question: Open Show Work