John Manufacturing Company manufactures one product that has several model styles. All materials are added at the beginning of production. Manufacturing overhead is applied as a percentage of direct labor cost. On January 1, 20X1, one job, DE31, was in process, with the following accumulated costs: The beginning finished goods inventory for John Manufacturing Company on January 1, 20X1, was $30,000. The following additional data is given for the month of January: In addition, Job JA01 was begun and completed during the month. Its costs included materials of $10,000 and labor of $4,000. Job JA02 was begun during the month and was in process at the end of the month. During the month, sales were $100,000, and the gross profit rate was 40 percent. Required: 1. For Jobs DE31, JA01, and JA02, calculate the cost of materials, labor, and overhead for the month of January to find the total cost of each job. 2. Prepare a schedule of cost of goods sold for the month of January. Analyze: On January 1,201, John Manufacturing Company established a goal to hold raw materials costs at or below 48 percent of total job costs, Based on your computations, has the company attained this ooal? For Jobs DE31, JAO1, and JA02, calculate the cost of materials, labor, and overhead for the month of January to find the total cost of each job. (Do not round intermediate calculations. Round final answers to nearest whole dollars.) Complete this question by entering your answers in the tabs below. Prepare a schedule of cost of goods sold for the month of January. Complete this question by entering your answers in the tabs below. On January 1, 20X1, John Manufacturing Company established a goal to hold raw materials costs at or below 48 percent of total job costs. Based on your computations, has the company attained this goal