Question: Hi, I would like assistance solving this problem. I solved Part A and B, but I need help solving Part C. Thanks! 2.67 Question 4

Hi, I would like assistance solving this problem. I solved Part A and B, but I need help solving Part C. Thanks!  Hi, I would like assistance solving this problem. I solved Part
A and B, but I need help solving Part C. Thanks! 2.67
Question 4 of 5 For the year ended December 31, 2022, the
job cost sheets of Sandhill Company contained the following data. Direct Job

2.67 Question 4 of 5 For the year ended December 31, 2022, the job cost sheets of Sandhill Company contained the following data. Direct Job Number Direct Materials Manufacturing Overhead Total Costs Explanation Labor 7640 Balance 1/1 $24,500 $23,520 $28,224 $76,244 29.400 35,280 42.336 107,016 Current year's costs Balance 1/1 7641 10,780 17,640 21.168 49,588 42.140 47,040 56,448 145.628 Current year's costs Current year's costs 7642 56,840 53,900 64,680 175,420 Other data: 1 2 Raw materials inventory totaled $14,700 on January 1. During the year. $137.200 of raw materials were purchased on account Finished goods on January 1 consisted of Job No 7638 for $85,260 and Job No. 7639 for $90.160. Job No. 7640 and Job No. 7641 were completed during the year, Job Nos. 7638,7639 and 7641 were sold on account for $519,400. Manufacturing overhead incurred on account totaled 5117,600 incurred depreciation on factory machinery 57 840 7 Assigned indirect materials of $13.720 and indirect labor of $17.640 4 6 Question 4 of 5 2.67 /4 = (a) Your answer is correct. 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. Work in Process Inventory Balance 125.832 Completed Work 378.476 Direct Materials 128.380 Direct Labor 136,220 Manufacturing Overhead 163,464 11 Balance 175,420 Work in process balance 175.420 Torch o Question 4 of 5 2.67/4 E (b) Your answer is correct Prepare the adjusting entry for manufacturing overhead, assuming the balance is allocated entirely to Cost of Goods Sold. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit Manufacturing Overhead 6,664 Cost of Goods Sold 6664 e Textbook and Media List of Accounts Attempts: 3 of 5 used 2.67/4 Question 4 of 5 Prepare an income statement through gross profit for 2022. SANDHILL COMPANY Income Statement (partial) For the Year Ended December 31, 2022 Sales Revenue Cost of Goods Sold Less $ $ Textbook and Media

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