I need help finding the assigned overhead.

Waterway Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1.2020. Job 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $25.000, direct labor $15.000, and manufacturing overhead $20.000. As of January 1, Job 49 had been completed at a cost of $112.500 and was part of finished goods inventory. There was a $18.750 balance in the Raw Materials Inventory account. During the month of January. Waterway Company began production on Jobs 51 and 52, and completed Jobs 50 and 51. Jobs 49 and 50 were sold during the month. The following additional events occurred during the month. Purchased additional raw materials of $112.500 on account Incurred factory labor costs of $87.500. Incurred manufacturing overhead costs as follows: indirect materials $21.250 indirect labor $25.000, depreciation expense on equipment $15,000: and various other manufacturing overhead costs on account $20,000. Assigned direct materials and direct labor to jobs as follows. 1. 2. 3. 4. Job No. 50 51 52 Direct Materials $12,500 48.750 37.500 Direct Labor $6,250 31.250 25,000 (a) Your answer is correct. Calculate the predetermined overhead rate for 2020, assuming Waterway Company estimates total manufacturing overhead costs of $1,050.000, direct labor costs of $875.000, and direct labor hours of 25.000 for the year. (Round answer to the nearest whole percent, eg. 25%.) Predetermined overhead rate 120 % eTextbook and Media Attempts: 1 of 3 used (b) Your answer is correct. Open job cost sheets for Jobs 50,51, and 52. Enter the January 1 balances on the job cost sheet for Job 50. Job No.50 Date Beg Direct Materials Direct Labor Manufacturing Overhead $ 20000 $ 25000 $ 15000 Jan. 12500 6250 7500 37500 $ 21250 27500 $ 37500 Cost of completed job Direct materials Direct labor Manufacturing overhead Total cost 21250 27500 86250 Job No.51 Date Direct Materials Direct Labor Manufacturing Overhead $ 37500 Jan. $ 48750 $ 31250 $ 48750 $ 31250 $ 37500 $ 48750 Cost of completed job Direct materials Direct labor Manufacturing overhead Total cost 31250 37500 $ 117500 Job No.52 Date Direct Materials Direct Labor Manufacturing Overhead $ 30000 Jan. S 37500 $ 25000 eTextbook and Media (c)-(f) Your answer is partially correct. (c) (d) Record the purchase of raw materials, the factory labor costs incurred, and the manufacturing overhead costs incurred during the month of January Record the assignment of direct materials, direct labor, and manufacturing overhead costs to production. In assigning manufacturing overhead costs, use the overhead rate calculated in (a). Post all costs to the job cost sheets as necessary. Total the job cost sheets for any job(s) completed during the month. Record the completion of any job(s) during the month. Record the sale of any job(s) during the month. (e) (f) 112500 15000 (Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses eg. (45).) Manufacturing Costs Raw Materials Inventory Factory Labor Manufacturing Overhead Purchase raw materials Incurred factory labor 87500 Factory depreciation Other overhead costs Indirect materials -21250 Indirect labor d) Direct materials -98750 Direct labor Assigned overhead 20000 21250 -25000 25000 -62500 -95000 e) Jobs completed f) Jobs sold eTextbook and Media Assistance Used eTextbook 1 eTextbook 2 eTextbook 3 e Textbook 4 e Textbook 5 Save for Later Attempts: 1 of 3 used Submit Answer (c)-(f) Your answer is partially correct. (c) (d) Record the purchase of raw materials, the factory labor costs incurred, and the manufacturing overhead costs incurred during the month of January Record the assignment of direct materials, direct labor, and manufacturing overhead costs to production. In assigning manufacturing overhead costs, use the overhead rate calculated in (a). Post all costs to the job cost sheets as necessary. Total the job cost sheets for any job(s) completed during the month. Record the completion of any job(s) during the month Record the sale of any job(s) during the month. (e) (f) (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg. (45).) Work in Process Inventory Finished Goods Inventory Cost of Goods Sold Manufacturing Overhead 15000 20000 21250 25000 98750 62500 -95000 95000 -203750 203750 -198750 198750 eTextbook and Media Assistance Used e Textbook 1 e Textbook 2 e Textbook 3 e Textbook 4 e Textbook 5