Ivanhoe 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 $21,600, direct labor $12,960, and manufacturing overhead $17,280. As of January 1. Job 49 had been completed at a cost of $97,200 and was part of finished goods inventory, There was a $16,200 balance in the Raw Materials Inventory account on January 1. During the month of January, Ivanhoe 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 $131,760 and $170,640, respectively. The following additional events occurred during the month. 1. Purchased additional raw materials of 597.200 on account. 2. Incurred factory labor costs of $75,600, 3. Incurred manufacturing overhead costs as follows: depreciation expense on equiprnent \$12,960; and various other manufacturing overhead costs on account $17,280. 4. Assigned direct materials and direct labor to jobs as follows. 5. Assigned indirect materials of $18,360 and indirect labor of $21,600. Guestion 4 et 4 is. totet conte (1) (1) (n) inotbeck ans Mids ustof chuain