Question 6 of 8 < > 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 $29,000 $27,840 $33,408 $90,248 Current year's costs 34,800 41,760 50,112 126,672 7641 Balance 1/1 12,760 20,880 25,056 58,696 Current year's costs 49,880 55,680 66,816 172,376 7642 Current year's costs 67,280 63,800 76,560 207,640 Other data: 1. Raw materials inventory totaled $17,400 on January 1. During the year, $162,400 of raw materials were pu account. 2. Finished goods on January 1 consisted of Job No. 7638 for $100,920 and Job No. 7639 for $106,720. 3. Job No. 7640 and Job No. 7641 were completed during the year. 4. 5. Job Nos. 7638, 7639, and 7641 were sold on account for $614,800. Manufacturing overhead incurred on account totaled $139,200. -/1 E Number Explanation Materials Labor Overhead Costs 7640 Balance 1/1 $29,000 $27,840 $33,408 $90,248 Current year's costs 34,800 41,760 50,112 126,672 7641 Balance 1/1 12,760 20,880 25,056 58,696 Current year's costs 49,880 55,680 66,816 172,376 7642 Current year's costs 67,280 63,800 76,560 207,640 Other data: 1. Raw materials inventory totaled $17,400 on January 1. During the year, $162,400 of raw materials were purchased on account. 2. Finished goods on January 1 consisted of Job No. 7638 for $100,920 and Job No. 7639 for $106,720. 3. Job No. 7640 and Job No. 7641 were completed during the year. 4.1 5. 6. 7. Job Nos. 7638, 7639, and 7641 were sold on account for $614,800. Manufacturing overhead incurred on account totaled $139,200. Incurred depreciation on factory machinery $9.280. Assigned indirect materials of $16,240 and indirect labor of $20,880. LISEUMCCOURS Prepare the adjusting entry for manufacturing overhead, assuming the balance is allocated entirely to Cost of Goods Sold. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation eTextbook and Media List of Accounts Debit Credit SUNLAND COMPANY Income Statement (partial) -/1