*Brief Exercise 20-07 During the first quarter, Sheridan Company Incurs the following direct labor costs: January $49,900, and March $66,200. following direct labor costs: January $53,600, February production using a predetermined rate of 75% of direct indented when amount is entered. Do not indent For each month, prepare the entry to assign overhead to production using a predeterm labor cost. (Credit account titles are automatically indented when amount is ente manually. Record journal entries in the order presented in the problem.) Date Credit Debit Account Titles and Explanation Question Attempts: 0 of 3 used