Problem 15-02A a-c (Video) (Part Level Submission) For the year ended December 31, 2020, the job cost sheets of Cinta Company contained the following data. Job Number Direct Materials Direct Labor Manufacturing Overhead Total Costs Explanation 7640 Balance 1/1 7641 Current year's costs Balance 1/1 Current year's costs Current year's costs $25,000 30,000 11,000 43,000 58,000 $24,000 36,000 18,000 48,000 55,000 $28,800 43,200 21,600 57,600 66,000 $77,800 109,200 50,600 148,600 179,000 7642 Other data: 1. 2. 3. 4. 5. 6. Raw materials inventory totaled $15,000 on January 1. During the year, $140,000 of raw materials were purchased on account. Finished goods on January 1 consisted of Job No. 7638 for $87,000 and Job No. 7639 for $92,000. Job No. 7640 and Job No. 7641 were completed during the year. Job Nos. 7638, 7639, and 7641 were sold on account for $530,000. Manufacturing overhead incurred on account totaled $120,000. Other manufacturing overhead consisted of indirect materials $14,000, indirect labor $18,000, and depreciation on factory machinery $8,000. 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 1/1 T Balance 1 128.400 completed Work 386200 Direct Materials 131000 Direct Labor 139000 Manufacturing Overhead | 166800 12/31 Balance 179000 Balance 386200 Work in process balance 166800 Unfinished Job T No. 7642 4 No. 7642 A 195110 Unfinished job 195110 Click if you would like to Show Work for this question: Open Show Work