Prepare the journal entries to record the assignment of (1) raw materials, (2) factory labor, and (3) manufacturing overhead costs toproduction In assigning manufacturing overhead costs, use the overhead ratecalculated in (a). (list all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Cilculate the predetermined owertiead rate for 2022 , ssuming Crine Company estimates total manutacturing owerhead costs of $688,800, direct labor costs of $574,000, and direct Labor hours of 16,400 for the vear. Predetermined overhead rate Prepare the journal entries to recond (1) the purchase of raw inaterislc (2) the factory labor costs incured, mid (aI the Prepare the journal entries to record the sale of any job(s) during the month. (List all debit entries before credit entries. Credit occount titles are automotically indented when amount is entered. Do not indent (conually) Cost of completed job Direct materials Direct labor Manufacturing overhead Total cost Job No, 52 Openjob cost sheets for Jobs 50,51, and 52 Enter the January 1 balances on the job cost sheet for Job 50 . Post all costs to the job cost sheets ae necessary. Crane 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 $16,400, direct labor $9,840, and manufacturing overhead $13,120. As of January 1, Job 49 had been completed at a cost of $73,800 and was part of finished goods inventory. There was $12,300 balance in the Raw Materials Inventory account on January 1. During the month of January, Crane Company began production on Jobs 51 and 52 , and compteted Jobs 50 and 51 . Jobs 49 and 50 were sold on account during the month for $100,040 and $129,560, respectively. The following additional events occurred during the month. 1. Purchased additional raw materials of $73,800 on account. 2 Incurfed factory labor costs of $57,400. 3. Incurred manufacturing overhead costs as follows: depreciation expense on equipment $9,840; and various other manufacturing overhead costs on account $13,120. 4. Astigned direct materials and direct labor to jobs as follows. 5. Assigned indirect materials of $13,940 and indirect labor of $16,400. What is the balance in the Finished Goods Inventory account at the end of the month? (Hint: Use a T-account for Finished Goods Inventory) What does this balance consist of? Finished Goods Inventory List of Accounts What is the amount of over-or underapplied overhead