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for the year ended december 31 2014 the job cost sheets of cinta company contained t 682419

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 $33,500 $32,160 $38,592 $104,252
Current year’s costs 40,200 48,240 57,888 146,328
7641 Balance 1/1 14,740 24,120 28,944 67,804
Current year’s costs 57,620 64,320 77,184 199,124
7642 Current year’s costs 77,720 73,700 88,440 239,860

Other data:

1. Raw materials inventory totaled $20,100 on January 1. During the year, $187,600 of raw materials were purchased on account.
2. Finished goods on January 1 consisted of Job No. 7638 for $116,580 and Job No. 7639 for $123,280.
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 $710,200.
5. Manufacturing overhead incurred on account totaled $160,800.
6. Other manufacturing overhead consisted of indirect materials $18,760, indirect labor $24,120, and depreciation on factory machinery $10,720.

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