1, 2020, Job 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $ 21.400 direct labor $12,840, and manufacturing overhead $ 17.120. As of January 1, Job 49 had been completed at a cost of $ 96,300 and was part of finished goods inventory. There was a $ 16,050 balance in the Raw Materials inventory account. During the month of January, Coronado Company began production on Jobs 51 and 52 and completed Jobs 50 and 51. Jobs 49 and 50 were sold during the month. The following additional events occurred during the month. 1. 2 3. Purchased additional raw materials of $ 96,300 on account Incurred factory labor costs of $ 74,900 Incurred manufacturing overhead costs as follows: indirect materials $ 18, 190; indirect labor $ 21.400: depreciation expense on equipment $ 12,840 ; and various other manufacturing overhead costs on account $ 17.120 Assigned direct materials and direct labor to jobs as follows. 4 Job No. Direct Materials Direct Labor 50 5 10.700 $5.350 51 41.730 26.750 52 32.100 21.400 (c) (d ) Record the purchase of raw materials, the factory labor costs incurred, and the manufacturing overhead costs Incurred during the month of January Record the assignment of direct materials, direct labor, and manufacturing overhead costs to production. In assigning manufacturing overhead costs, use the overhead rate calculated in (a). Post all costs to the job cost sheets as necessary Total the job cost sheets for any job(s) completed during the month. Record the completion of any job(s) during the month Record the sale of any job(1) during the month. le ) (1) (Enter negative amounts using either a negative sign preceding the number 0.g. -45 or parentheses es (451) Manufacturing Costs Raw Materials Inventory Factory Labor Manufacturing Overhead Manufacturing Costs Raw Materials Inventory Factory Labor Manufacturing Overhead (c) Purchase raw materials Incurred factory tabor Factory depreciation Other overhead costs Indirect materials Indirect labor (d) Direct materials Direct labor Indirect materials Indirect labor (d) Direct materials Direct labor Assigned overhead (e) Jobs completed (1) Jobs sold e Textbook and Media 1, 2020, Job 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $ 21.400 direct labor $12,840, and manufacturing overhead $ 17.120. As of January 1, Job 49 had been completed at a cost of $ 96,300 and was part of finished goods inventory. There was a $ 16,050 balance in the Raw Materials inventory account. During the month of January, Coronado Company began production on Jobs 51 and 52 and completed Jobs 50 and 51. Jobs 49 and 50 were sold during the month. The following additional events occurred during the month. 1. 2 3. Purchased additional raw materials of $ 96,300 on account Incurred factory labor costs of $ 74,900 Incurred manufacturing overhead costs as follows: indirect materials $ 18, 190; indirect labor $ 21.400: depreciation expense on equipment $ 12,840 ; and various other manufacturing overhead costs on account $ 17.120 Assigned direct materials and direct labor to jobs as follows. 4 Job No. Direct Materials Direct Labor 50 5 10.700 $5.350 51 41.730 26.750 52 32.100 21.400 (c) (d ) Record the purchase of raw materials, the factory labor costs incurred, and the manufacturing overhead costs Incurred during the month of January Record the assignment of direct materials, direct labor, and manufacturing overhead costs to production. In assigning manufacturing overhead costs, use the overhead rate calculated in (a). Post all costs to the job cost sheets as necessary Total the job cost sheets for any job(s) completed during the month. Record the completion of any job(s) during the month Record the sale of any job(1) during the month. le ) (1) (Enter negative amounts using either a negative sign preceding the number 0.g. -45 or parentheses es (451) Manufacturing Costs Raw Materials Inventory Factory Labor Manufacturing Overhead Manufacturing Costs Raw Materials Inventory Factory Labor Manufacturing Overhead (c) Purchase raw materials Incurred factory tabor Factory depreciation Other overhead costs Indirect materials Indirect labor (d) Direct materials Direct labor Indirect materials Indirect labor (d) Direct materials Direct labor Assigned overhead (e) Jobs completed (1) Jobs sold e Textbook and Media