Question 13 of 13 0.4/1 Swifty 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 $ 23,000 direct labor $ 13,800 and manufacturing overhead $ 18,400. As of January 1, Job 49 had been completed at a cost of $ 103,500 and was part of finished goods inventory. There was a $ 17.250 balance in the Raw Materials Inventory account During the month of January, Swifty 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 $ 103,500 on account. Incurred factory labor costs of $ 80,500 Incurred manufacturing overhead costs as follows: indirect materials $ 19,550 indirect labor $ 23,000 : depreciation expense on equipment $13.800 ; and various other manufacturing overhead costs on account $ 18,400 Assigned direct materials and direct labor to jobs as follows. 1. 2 3. 4. Job No. 50 Direct Materials $ 11,500 44,850 34.500 Direct Labor $ 5,750 28.750 23.000 51 52 al Question 13 of 13 Question 13 of 13 Tenter negative amounts using either a negative sign preceaing the number eg.-49 or parentheses eg: 1991 Manufacturing Costs Manufacturing Overhead Raw Materials Inventory Factory Labor (c) Purchase raw materials 103500 B0500 Incurred factory labor Factory depreciation Other overhead costs Indirect materials (d) Indirect labor Direct materials Direct labor Assigned overhead le) Jobs completed (1) Jobs sold