$($JUST HELP ME WITH THE RED BOXES PLZ$!!!!!!)$

$($JUST HELP ME WITH THE RED BOXES PLZ$!!!!!!)$

$($JUST HELP ME WITH THE RED BOXES PLZ$!!!!!!)$

For the year ended December $31,2022,$ the job cost sheets of Waterway Company contained the following data.

Other data:

Raw materials inventory totaled $$18,750$ on January $1.$ During the year, $$175,000$ of raw materials were purchased on account. Factory labor incurred was $$196,250.$

Finished goods on January $1$ consisted of Job No$.7638$ for $$108,750$ and Job No$.7639$ for $$115,000.$

Job No$.7640$ and Job No$.7641$ were completed during the year.

Job Nos. $7638,7639,$ and $7641$ were sold.

Manufacturing overhead incurred on account totaled $$150,000.$

Other manufacturing overhead consisted of indirect materials $$17,500,$ indirect labor $$22,500,$ and depreciation on factory machinery $$10,000.($a$)(1)$ Enter January $1$ balances in Raw Materials Inventory, Work in Process Inventory, and Finished Goods Inventory.

$(2)$ Record the $2022$ transactions.

$($b$)$ Prove the agreement of Work in Process Inventory with job cost sheets pertaining to unfinished work.

$($c$)$ Record the adjustment for over$-$ or underapplied manufacturing overhead, assuming the balance is allocated entirely to Cost of Goods Sold.

$($Enter negative amounts using either a negative sign preceding the number e$.$g$.-45$ or parentheses e$.$g$.(45).)$