Got about halfway through and got stuck. If you could answer what isn't correct that would be great.
Carla Vista Comparty 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 $23,600, direct labor $14,160, and manufacturing overhead $18,880. As of January 1,lob49 had been completed at a cost of $106,200 and was part of finished goods inventory. There was a $17,700 balance in the Raw Materials Inwentory account on January 1. During the month of January, Carla Vista Compary 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 $143,960 and $186,440, respectively. The following additional events occurred during the month. 1. Purchased additional raw materials of $106,200 on account. 2. Incurred factory labor costs of $82,600 3. Incurred manufacturine overhead costs as follows: depreciation expense on equipment $14,160, and various other manufacturing overhead costs on account $19,890. 4. Assigned direct materials and direct labor to jobs as follows. 5. Assigned indirect materials of $20,060 and indirect labor of $23,600. Calculate the predetermined overhead rate for 2022, assuming Carla Vista Company estimates tatal manufacturing overhead costs of $991,200, direct labor costs of $826,000, and direct labor hours of 23,600 for the year. Predetermined overhead rate % Prepare the journal entries to record (1) the purchase of raw materials, (2) the factory labor costs incurred, and (3) the manufacturine overhead costs incurred during the month of January. (List all debit entries before credit entries. Credit account tities are automatically indented when amount is entered. Do not indent manually.) eTextbook and Media Assistance Used Prepare the journal entries to record the assienment of (1) raw materials, (2) factory labor, and (3) manufacturine overhead costs to production. In assigning manufacturing overhead costs, use the overhead rate calculated in (a). (List all debit entries before credit entries. Credit account titles are outomatically indented when amount is entered. Do not indent manually.) 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. Prepare the journal entry to record the completion of arry job(s) during the month. (List all debit entries before credit entries. Credit account titles are outomatically indented when amount is entered. Do not indent manublly.) Account Titles and Explanation Debit Credit Prepare the journal entries to record the sale of arry job(s) during the month (List all debit entries before credit entries. Credit account titles are outomatically indented when amount is entered. Do not indent manually] What is the balance in the Finished Goods Imventory account at the end of the month? What does this balance consist of? Finished Goods Inwentory $ eTextbook and Media List of Accounts What is the amount of over- or underapplied overhead
