Only need parts c-f. have solved the rest.

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 acccount. 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. 1. Incurred factory labor costs of $ 87,500 2. 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. 3 Assigned direct materials and direct labor to jobs as follows. 4. Job No. Direct Materials Direct Labor 50 $12,500 $6,250 51 48,750 31,250 37,500 25,000 52 (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, e.g. 25%) Predetermined overhead rate % 120 (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 Direct Labor Direct Materials Manufacturing Overhead Date $ Beg. 25000 20000 15000 Jan. 7500 12500 6250 37500 21250 27500 $ Cost of completed job Direct materials 37500 $ Direct labor 21250 Manufacturing overhead 27500 Total cost 86250 Job No.51 Direct Labor Manufacturing Overhead Direct Materials Date $ $ Jan. 37500 48750 31250 $ 31250 48750 37500 Cost of completed job Direct materials 48750 Direct labor 31250 Manufacturing overhead 37500 Total cost 117500 $ Job No. 52 Direct Materials Manufacturing Overhead Direct Labor Date Jan. 37500 25000 30000 e Textbook and Media Attempts: 1 of 3 used (c)-(f) Record the purchase of raw materials, the factory labor costs incurred, and the manufacturing overhead costs incurred during the month of (c) January. Record the assignment of direct materials, direct labor, and manufacturing overhead costs to production. In assigning manufacturing overhead (d) costs, use the overhead rate calculated in (a). Post all costs to the job cost sheets as necessary. (e) Total the job cost sheets for any job(s) completed during the month. Record the completion of any job(s) during the month. (f Record the sale of any job(s) during the month. (Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses eg. (45),) Manufacturing Costs Work in Process Inventory Manufacturing Raw Materials Inventory Factory Labor Overhead (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 e Textbook and Media (c)-(f) Record the purchase of raw materials, the factory labor costs incurred, and the manufacturing overhead costs incurred during the month of (c) January Record the assignment of direct materials, direct labor, and manufacturing overhead costs to production. In assigning manufacturing overhead (d) costs, use the overhead rate calculated in (a). Post all costs to the job cost sheets as necessary. (e) Total the job cost sheets for any job(s) completed during the month. Record the completion of any job(s) during the month. (f Record the sale of any job(s) during the month. (Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses eg. (45),) Manufacturing Costs Work in Process Finished Goods Cost of Goods Sold Inventory Inventory Manufacturing Factory Labor Overhead ry eTextbook and Media