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Question 3 of 5 < > View Policies Current Attempt in Progress For the year ended December 31, 2022, the job cost sheets of
Question 3 of 5 < > View Policies Current Attempt in Progress For the year ended December 31, 2022, the job cost sheets of Sunland Company contained the following data. Job Number Explanation Direct Materials Direct Labor Manufacturing Overhead Total Costs 7640 Balance 1/1 $23,500 $22.560 $27,072 $73,132 Current year's costs 28,200 33,840 40,608 102,648 7641 Balance 1/1 10,340 16,920 20,304 47,564 Current year's costs 40,420 45,120 54,144 139,684 7642 Current year's costs 54,520 51,700 62,040 168,260 Other data: 1. -/20 Raw materials inventory totaled $14.100 on January 1. During the year, $131.600 of raw materials were purchased on account. 2 Finished goods on January 1 consisted of Job No. 7638 for $81,780 and Job No. 7639 for $86,480. 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 $498.200 5 Manufacturing overhead incurred on account totaled $112.800 6 Incurred depreciation on factory machinery $7.520. 7. Assigned indirect materials of $13.160 and indirect labor of $16,920 Prove the agreement of Work in Process Inventory with job costsheets pertaining to unfinished work. Post each to the T- account in the following order (1) beginning balance (2) direct materia completed jobs direct labor, (4) manufacturing overhead and (5) Work in Process Inventory
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