Question: Question 3 View Policies Current Attempt in Progress For the year ended December 31, 2020, the job cost sheets of Cinta Company contained the following



Question 3 View Policies Current Attempt in Progress For the year ended December 31, 2020, the job cost sheets of Cinta Company contained the following data. Job Number 7640 Explanation Balance 1/1 Current year's costs Balance 1/1 Current year's costs Current year's costs Direct Direct Materials Labor $26,000 $24,960 31,200 37,440 11,440 18,720 44,720 49,920 60,320 57,200 Manufacturing Total Overhead Costs $29,952 $80,912 44,928 113,568 22,464 52,624 7641 59,904 154,544 68,640 186,160 7642 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. Other manufacturing overhead consisted of indirect materials $14,560, indirect labor $18,720, and depreciation on factory machinery $8,320. (a) 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 12/31 Work in process balance $ Unfinished job e Textbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit Answer (b) The parts of this question must be completed in order. This part will be available when you complete the part above. (c) The parts of this question must be completed in order. This part will be available when you complete the part above
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