CHAPTER 2 SIGNATURE PROBLEME DURING FEBRUARY SHARP MANUFACTURING-WORK ON TWO JOBS: A16 AND A17. SUMMARY DATA CONCERNING THESE JOBS ARE AS FOLLOWS.I 1 MANUFACTURING-COST-INCURRED: PURCHASE $54,000 OF RAW MATERIALS ON ACCOUNT. 1 FACTORY LABOR, TO BE PAID-WERE, WAGES OF $76,000, PLUS $4,000 EMPLOYERI PARYROLL TAXESS 1 MANUFACTURING OVERHEAD COST INCURRED ON ACCOUNT AMOUNTED TO $59,800.000 ASSIGNMENT OF COSTS:T + JOBA17-$21,000.00 DIRECT MATERIALS: + JOBA16-$27,000.00 INDIRECT MATERIALS: $3,000.00 DIRECT LABOR JOBA16 $52,000.00 INDIRECT LABOR $2,000.000 JOBA17-$26,000.007 THE MANUFACTRUING OVERHEAD RATE, IS 80% OF DIRECT LABORE 1 JOB A16 WAS COMPLETED AND SOLD ON ACCOUNT FOR $150,0001 INSTRUCTIONS: 1 1.)>PREPARE JOURNAL ENTRIES FOR THE COST INCURRED AND COST ASSIGNED FOR THE MONTH ENDING FEBRUARYT 5 2.)COMPUTE THE TOTAL MANUFACTURING-COST FOR THE BOTH JOBS (complete the job order cost sheet) 3.) PREPARE THE JOURNAL ENTRY FOR THE SALE OF JOB A 16.4