this balance c h. Calculate the amount of under- or over-applied overhead. P3.32A (LO 2, 3, 4, 5) For the year ended December 31, 2020, the job cost sheets of De Voe Company Prepare entries in a job-order contained the following data: cost system and a partial income statement Direct Direct Manufacturing Total Job Number Explanation Materials Labour Overhead Costs 7640 Balance 1/1 $25.000 $24,000 $28,800 $ 77,800 Current year's costs 30,000 36.000 43,200 109,200 7641 Balance 1/1 11,000 18,000 21,600 50,600 Current year's costs 43,000 48,000 57,600 148,600 7642 Current year's costs 58,000 55,000 66.000 179,000 Other data: 1. Raw materials inventory totalled $15,000 on January 1. During the year, $140,000 of raw materials were purchased on account. 2. Finished goods on January 1 consisted of Job No. 7638 for $87,000 and Job No. 7639 for $92,000. 3. Job No. 7640 and Job No. 7641 were completed during the year. 4. Jobs 7638, 7639, and 7641 were sold on account for $530,000 in total. 06 CHAPTER 3 Job-Order Cost Accounting 5. Manufacturing overhead incurred on account totalled $120,000. 6. Other manufacturing overhead consisted of indirect materials $14,000, indirect labour $18,000, and depreciation on factory machinery $8,000. a. Job 7642: $179,000 Instructions a. Prove the agreement of Work in Process Inventory with job cost sheets pertaining to unfinished work. (Hint: Use a single T account for Work in Process Inventory.) Calculate each of the follow- ing, then post each to the T account: (1) beginning balance, (2) direct materials, (3) direct labour, b. Amount = $6,800 (4) manufacturing overhead, and (5) completed jobs. b. Prepare the adjusting entry for manufacturing overhead, assuming the balance is allocated entirely C. $158,600 to Cost of Goods Sold. c. Determine the gross profit to be reported for 2020. in a job-order cost P3.33A (LO 2, 3, 4, 5) Enos Inc. is a construction company specializing in custom patios. The patios are ustomer preference. On June 1