Prepare the journal entry to record the completion of any job(s) during the month. (Credit account titles are dutomatically indented when amount is entered. Do not indent manually.) Date Jan. Cost of completed job Direct materials Direct labor Manufacturing overhead Total cost Job No. 52 Your answer is partially correct. Prepare the jownal entry to record the completion of any job(s) during the month. (Credit account tities are automatically indented when amount is entered. Do not indent manually.) Date Jan: Cost of completed job Direct materials Direct labor Manufacturing overhead Total cost Job No. 52 Job No. 50 Date Beg. Jan. Direct Materials Cost of completed job Direct materials automatically indented wken amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit (1) Raw Materials Inventory 107100 Accounts Payable (2) Factory Labor Employer Payroll Taxes Payable Factory Wages Payable (3) Manufacturing Overhead Raw Materials Imyentory Factory Labor Accumulated Depreciation-Equipment Accounts Payable \begin{tabular}{|rr|} \hline 19040 \\ \hline \end{tabular} Your answer is correct. Caiculate the predetermined overhead rate for 2020 , assuming Bonita Company estimates total manufacturing overhead costs of $999,600, direct labor costs of $833,000, and direct labor hours of 23,800 for the year. Predetermined overhead rate % eTextbook and Media List of Accounts Attempts: 3 of 5 used Bonita 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 $23.800, direct laber $14,280, and manufacturing overhead $19,040. As of January 1, Job 49 had been completed at a cost of $107,100 and was part of finished goods imventory. There was a $17,850 balance in the Raw Materials Ifventory account. During the month of January. Bonita Company began production on Jobs 51 and 52 , and completed Jabs 50 and 51 . Jobs 49 and 50 were also sold on account during the month for $145,180 and $188,020, respectively. The following additional events occurred during the month. 1. Purchased additional raw materials of $107,100 on account. 2. Incurred factory labor costs of \$83,300. Of this amount \$19,040 related to empleyer p3yroll tawes. 3. Incurred manufocturing overhead costs as follows: indirect materiais $20,230; indirect labor $23.800; depreciation expense on equipment $14,280; and various other manufacturing overhead costs on account $19,040. 4. Assigned direct materials and direct labor to jobs as follows