Cullumber Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January $1,2025,$ Job $50$ was the only job in process. The costs incurred prior to January $1$ on this job were as follows: direct materials $$21,200,$ direct labor $$12,720,$ and manufacturing overhead $$16,960.$ As of January $1,$ Job $49$ had been completed at a cost of $$95,400$ and was part of finished goods inventory. There was a $$15,900$ balance in the Raw Materials Inventory account on January $1.$

During the month of January, Cullumber 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 $$129,320$ and $$167,480,$ respectively. The following additional events occurred during the month.

Purchased additional raw materials of $$95,400$ on account.

Incurred factory labor costs of $$74,200.$

Incurred manufacturing overhead costs as follows: depreciation expense on equipment $$12,720$; and various other manufacturing overhead costs on account $$16,960.$

Assigned direct materials and direct labor to jobs as follows.

$\backslash$table$[[$Job No$.,$Direct Materials,Direct Labor$],[50,$$$10,600,$$$5,300$