Work in process balance $_________Unfinished job No. 7642 $________

For the year ended December 31, 2022, the job cost sheets of Crane Company contained the following data. Job Direct Direct Manufacturing Total Number Explanation Materials Labor Overhead Costs 7640 Balance 1/1 $26,000 $24,960 $29,952 $80,912 Current year's costs 31,200 37,440 44,928 113,568 7641 Balance 1/1 11,440 18,720 22,464 52,624 Current year's costs 44,720 49,920 59,904 154,544 7642 Current year's costs 60,320 57,200 68,640 186,160 Other data: 1 . Raw materials inventory totaled $15,600 on January 1. During the year, $145,600 of raw materials were purchased on account. 2. Finished goods on January 1 consisted of Job No. 7638 for $90,480 and Job No. 7639 for $95,680. 3. Job No. 7640 and Job No. 7641 were completed during the year. 4. Job Nos. 7638, 7639, and 7641 were sold on account for $551,200. 5 . Manufacturing overhead incurred on account totaled $124,800. 6 . Incurred depreciation on factory machinery $8,320. 7 . Assigned indirect materials of $14,560 and indirect labor of $18,720