Other data:1. Raw materials inventory totaled $20000 on January 1. During the year $100000 of raw materials were purchased on account.2. Finished goods on January 1 consisted of Job No. 7648 for $93000 and Job No. 7649 for $62000.3. Job No. 7650 and Job No. 7651 were completed during the year.4. Job Nos. 7648 7649 and 7650 were sold on account for $490000.5. Manufacturing overhead incurred on account totaled $135000.6. Other manufacturing overhead consisted of indirect materials $12000 indirect labor $18000 and depreciation on factory machinery $19500.Instructions(a) Prove the agreement of Work in Process Inventory with job cost sheets pertaining to unfinished work. 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. (b) Prepare the adjusting entry for manufacturing overhead assuming the balance is allocated entirely to cost of goods sold.(c) Determine the gross profit to be reported for2010.