For the year ended December 31, 2014, the job cost sheets of Cinta Company contained the following data.

Job
Number

Explanation
Direct
Materials
Direct
Labor
Manufacturing
Overhead
Total
Costs
7640 Balance 1/1 $32,250 $30,960 $37,152 $100,362
Current year’s costs 38,700 46,440 55,728 140,868
7641 Balance 1/1 14,190 23,220 27,864 65,274
Current year’s costs 55,470 61,920 74,304 191,694
7642 Current year’s costs 74,820 70,950 85,140 230,910

Other data:

1. Raw materials inventory totaled $19,350 on January 1. During the year, $180,600 of raw materials were purchased on account.
2. Finished goods on January 1 consisted of Job No. 7638 for $112,230 and Job No. 7639 for $118,680.
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 $683,700.
5. Manufacturing overhead incurred on account totaled $154,800.
6. Other manufacturing overhead consisted of indirect materials $18,060, indirect labor $23,220, and depreciation on factory machinery $10,320.





(a)

Prove the agreement of Work in Process Inventory with job cost sheets pertaining to unfinished work. (Hint: Use a single T-account for Work in Process Inventory.) Calculate each of the following, then post each to the T-account: (1) beginning balance, (2) direct materials, (3) direct labor, (4) manufacturing overhead, and (5) completed jobs.

Work in Process Inventory
1/1 Balance
Direct materials
Direct labor
Manufacturing overhead
12/31 Balance
Completed work





Work in process balance
$

Unfinished job
$

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