Open job cost sheets for Jobs 50, 51, and 52. Also enter the January 1 balances on the job cost sheet for Job No. 50.

cost prior to January 1 on this job were as follows: direct on the basis of direct labor costs. On January 1, 2017, Job No. 50 was the only job in direct labor $12,480, and January 1, Job No. 49 had been completed at a cost of $93,600 and was part of finished goods inventory. There was a $15,600 balance in the Raw Materials Inventony account. $16,640 $5,200 26,000 51 31,200 120