Problem 16-2A (Part Level Submission) For the year ended December 31, 2017, the job cost sheets of Cinta Company contained the following data Job Number 7640 Direct Materials Labor Direct ManufacturingTotal Overhead Explanation Costs 7641 7642 Other data Balance 1/1 Current year's costs Balance 1/1 Current year's costs Current vear's costs $25,000 $24,000 30,000 36,000 18,000 43,000 48,000 58,000 55,000 $28,800 $77,800 43,200 109,200 21,600 50,600 57,600 148,600 66,000 179,000 11,000 1 Raw materials inventory totaled $15,000 on January 1. During the year, $140,000 of raw materials were purchased on account. 2. Finished goods on January 1 consisted of Job No. 7638 for $87,000 and Job No. 7639 for $92,000 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 $530,000 5. Manufacturing overhead incurred on account totaled $120,000 6. Other manufacturing overhead consisted of indirect materials $14,000, indirect labor $18,000, and depreciation on factory machinery $8,000