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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
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 7640 Explanation Balance 1/1 Direct Materials Direct Labor Manufacturing Overhead Total Costs $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 0 destion 2012 1. -/50 E 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. 5. Job Nos. 7638, 7639, and 7641 were sold on account for $614,800. Manufacturing overhead incurred on account totaled $139,200. 6. Incurred depreciation on factory machinery $9.280. 7. Assigned indirect materials of $16,240 and indirect labor of $20,880. (a) Prove the agreement of Work in Process Inventory with job cost sheets pertaining to unfinished work. Post each to the T-account In the following order: (1) beginning balance. (2) direct materials. (3) direct labor. (4) manufacturing overhead, and (5) completed jobs 03 00 Question 2 of 2 -/50 Prove the agreement of Work in Process Inventory with job cost sheets pertaining to unfinished work. Post each to the T-account in the following order: (1) beginning balance. (2) direct materials, (3) direct labor. (4) manufacturing overhead, and (5) completed jobs. 1/1 12/31 Work in process balance Work in Process Inventory 00 Question 2 of 2 < > -/50 E Work in process balance (b) Unfinished job eTextbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit Answer The parts of this question must be completed in order. This part will be available when you complete the part above
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