bormation for Questions to Company Xe job cost wystem and applied to production on the basis of direct labor cost. On January 1, 2015, Job 50 was the only job in pro. The concerned prior to Jamiary on this job was follows: DM of T1.29,000, DL of TL 1.700, and MOH TL15.000. As of Jammary 1, Job 49 had been completed at a cost of TL85.003 and was part of finished goods inventory. There was a TL13.500 balance in the raw materials inventory.com During the month of January, Company X began production on Jobs 51 and 52, and completed Jobe 50 and 51. Job 49 and 50 were sold on account during the month for TL122,700 and TL15.030, respectively. Following additional events red during the month Purchased additional raw materials of TL 95,00 on account nered factory labor costs of 11.64.700 exclusive of payroll taco Payroll es mounted to T116.000 Incurved indirect material of TL17,000, and to direct labor of T420,00 Depreciation on factory equipment totallel to TL12,000 Other factory expertise on scot Were TL13,000 . During the mouth, Company Xanged following contato respective job as follow Company Xestimates totalturing weed cont of TL 49,000, direct labor conta of TL 700.000) and direct labor bums 200070 for the yout Asigned Costs Jobs Job: 81 Jub2 DM DL 10,000 SO 19,000 25,00 30.000 20.000 9-5) Compute the balance of WIP January 31. 96) Computer the balance of PG at January 31, Q.7) Carte thee of MOH Jaminy 31. Use the MOH Inderapplied the sco van lied into ter 100 of the count the app to 100dows Eikitestir Use below information for Questions 5 to 7: Company X uses a job cost system and applies overhead to production on the basis of direct labor cost. On Jamary 1, 2018. Job 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: DM of TL29,000, DL of TL11,700, and MOH of TL15,006. As of Jamuary 1, Job 49 had been completed at a cost of T185,003 and was part of finished goods inventory. There was a TL13,600 balance in the raw materials inventory account. During the month of January, Company X began production on Jobs 51 and 52, and completed Jobs 50 and 51. Job 19 and 50 were sold on account during the month for TL122,700 and TL 158,030, respectively. Following additional events occurred during the month: Purchased additional raw materials of TL95,009 on account Incurred factory labor costs of TL64,700 exclusive of payroll taxes. Payroll taxes amounted to TL16,060. Incurred indirect materials of TL17,000, and indirect labor of TL20,006 Depreciation on factory equipment totalled to TL12,000 Other factory expenses on account were TL 13,000 . During the month Company X assigned following costs to respective jobs as follows: Company X estimates total manufacturing overhead costs of T1880,000, direct labor costs of TL700,060 and direct labor hours 20,070 for the year. . 2 Assigned Costs Job 50 Job 51 Job 52 DM DL 10,000 5.900 39,00 25.030 30.000 20.000 Q-5) Compute the balance of WIP as at January 31 Q-6) Compute the balance of FG as at January 31. Q-7) Calculate the balance of MOH account as at January 31. Use - if the MOH is underapplied (eg, if the account gives an overapplied balance of 100, enter 100. If the account gives an underapplied balance of 100, enter 190 Wows'u