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Question 14 For the year ended December 31, 2020, the job cost sheets of DeVoe Company contained the following data Total Costs $79,000 108,700 51,700 149,800 171,000 0 Direct Direct Manufacturing Number Explanation 7640 Balance 1/1 Current year's costs Balance 1/1 Current year's costs Current year's costs Materials $25,400 30,200 11,200 43,300 49,000 Labour $24,500 35,100 18,900 48,400 55,200 Overhead $29,100 43,400 21,600 8,100 66,800 7641 7642 Other data 1. Raw materials inventory totalled $15,900 on January 1. During the year, $140,700 of raw materials were purchased on account. 2. Finished goods on January 1 consisted of Job No. 7638 for $87,400 and Job No. 7639 for $92,600 3. Job No. 7640 and Job No. 7641 were completed during the year. 4. Jobs 7638, 7639, and 7641 were sold on account for $530,400 5. Manufacturing overhead incurred on account totalled $113,000 6. Other manufacturing overhead consisted of indirect materials $13,100, indirect labour $19,600, and depreciation on factory machinery $8,000 Prove the agreement o "crx n ,rccess nvertory 20st sheets tai ing to Lnfn shac work. Ca culate cscn campleted jobs. (Post entries in the order displayed in the problem statement.) the fo owing then post cach to the account 1 . inning ba ance 2 c ect material ] drzct labour 4 maru sctunng ovar zed and 5 1. baginning balancc 3. direct lesour 5completed icos iaa Work in Process Inventory 12/31 Prepr Lhe adjusling enlry for menulecluring averhea, auming Lhe balarice is allacaled enlir y la Cusl ol Gouds Sold. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Account Titles and Explanation Debit Credit Demine Lhe gross prolil lu be .po, leu lar 2020 Gross Prof t