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Job No.51 Jan. Cost of completed job Direct materials Direct labor Manufacturing overhead Total cost Sheridan Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1 . 2022 , Job 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $22,800. direct labor $13,680, and manufacturing overhead $18,240. As of January 1, Job 49 had been completed at a cost of $102,600 and was part of finished goods inventory. There was a $17.100 balance in the Raw Materials Inventory account on January 1. During the month of January, Sheridan Company began production on Jobs 51 and 52, and completed Jobs 50 and 51 . Jobs 49 and 50 were sold on account during the month for $139,080 and $180,120, respectively. The following additional events occurred during the month. 1. Purchased additionai raw materiais of $102,600 on account. 2. Incurred factory labor costs of $79,800. 3. Incurred manufacturing overhead costs as follows: depreciation expense on equipment $13,680; and various other manufacturing overhead costs on account $18,240. 4. Assigned direct materials and direct labor to jobs as follows. Open job cost sheets for Jobs 50,51, and 52. Enter the January 1 balances on the job cost sheet for Job 50. Post all costs to the job cost sheets as necessary. 5. Assigned indirect materials of $19,380 and indirect labor of $22,800. (e) The parts of this question must be completed in order. This part will be available when you complete the part above. Cost of completed job Direct materials Direct labor Manufacturing overhead Total cost Job No.51 Jan. Cost of completed job Direct materials Direct labor Manufacturing overhead Total cost Sheridan Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1 . 2022 , Job 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $22,800. direct labor $13,680, and manufacturing overhead $18,240. As of January 1, Job 49 had been completed at a cost of $102,600 and was part of finished goods inventory. There was a $17.100 balance in the Raw Materials Inventory account on January 1. During the month of January, Sheridan Company began production on Jobs 51 and 52, and completed Jobs 50 and 51 . Jobs 49 and 50 were sold on account during the month for $139,080 and $180,120, respectively. The following additional events occurred during the month. 1. Purchased additionai raw materiais of $102,600 on account. 2. Incurred factory labor costs of $79,800. 3. Incurred manufacturing overhead costs as follows: depreciation expense on equipment $13,680; and various other manufacturing overhead costs on account $18,240. 4. Assigned direct materials and direct labor to jobs as follows. Open job cost sheets for Jobs 50,51, and 52. Enter the January 1 balances on the job cost sheet for Job 50. Post all costs to the job cost sheets as necessary. 5. Assigned indirect materials of $19,380 and indirect labor of $22,800. (e) The parts of this question must be completed in order. This part will be available when you complete the part above. Cost of completed job Direct materials Direct labor Manufacturing overhead Total cost