SIGNMENT For the year ended December 31, 2017, the job cost sheets of Coronado Company contained the following data Explanation MaterialsLabor Overhead Balance 1/1 Current years costs Balance 1/1 Current year's costs Current year's costs $30,000 $28,800 36,000 43,200 13,200 21,600 51,600 57,600 69,600 66,000 $34,560 $93,360 51,840 131,040 25,920 60,720 69,120 178,320 79,200 214,800 7641 7642 1. Raw materials inventory totaled $18,000 on January 1. During the year, $168,000 of raw materials were purchased on account. Factory labor incurred was $188,400. 2. Finished goods on January 1 consisted of Job No. 7638 for $104,400 and Job No. 7639 for $110,400. 3. Job No. 7640 and Job No. 7641 were completed during the year. 4. Job Nos. 7638, 7639, and 7641 were sold. 5. Manufacturing overhead incurred on account totaled $144,000 6. Other manufacturing overhead consisted of indirect materials $16,800, indirect labor $21,600, and depreciation on factory machinery $9,600, (a) (1) Enter January 1 balances in Raw Materials Inventory, Work in Process Inventory, and Finished Goods Inventory (2) Record the 2017 transactions (b) Prove the agreement of Work in Process Inventory with job cost sheets pertaining to untinished work. (c) Record the adjustment for over- or underapplied manufacturing overhead, assuming the balance is allocated entirely to Cost of Goods Sold O Type here to search 11:10 AM 12/4/2018 nt> Open NT ES e.a. (45).) the number e.g. -45 or Finished Goods Cost of G Sold Man Inventory Factory core esults by Indirect materials Direct labor Indirect labor Factory equip. depreciation Completed jobs Sold jobs 11:11 AM 12/4/201 Type here to search (c) Overapplied Unfinished job Click if you would like to Show Work for this question: Open Show Work Attempts: 0 of 5 used SAVE FOR LATER SUBHIT ANSWER 11:11 AM 12/4/2018 e to search