Lott Company 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 $$20,000,$ direct

labor $$12,000,$ and manufacturing overhead $$16,000.$ As of January $1,$ Job $49$ had been completed at a cost of $$90,000$ and was part of

finished goods inventory. There was a $$15,000$ balance in the Raw Materials Inventory account.

During the month of January, Lott 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 $$90,000$ on account.

Incurred factory labor costs of $$70,000.$

Incurred manufacturing overhead costs as follows: indirect materials $$17,000$; indirect labor $$20,000$; depreciation expense

on equipment $$12,000$; and various other manufacturing overhead costs $$16,000.$

Assigned direct materials and direct labor to jobs as follows.$($c$)$ Purchase raw materials

Incurred factory labor

Factory depreciation

Other overhead costs

Indirect materials

Indirect labor

$($d$)$ Direct materials

Direct labor

Assigned overhead

$($e$)$ Jobs completed

$($f$)$ Jobs sold