Question I need help with:

Lott 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 $24,600, direct labor $14,760, and manufacturing overhead $19,680. As of January 1, Job 49 had been completed at a cost of $110,700 and was part of finished goods inventory. There was a $18,450 balance in the Raw Materials Inventory account. During the month of January, Lott Company began production on Jobs 51 and 52, and completed Jobs 50 and 51. Jobs 49 and 50 were also sold on account during the month for $150,060 and $194,340, respectively. The following additional events occurred during the month. 1. Purchased additional raw materials of $110,700 on account. 2. Incurred factory labor costs of $86,100. Of this amount $19,680 related to employer payroll taxes. 3. Incurred manufacturing overhead costs as follows: indirect materials $20,910; indirect labor $24,600; depreciation expense on equipment $14,760, and various other manufacturing overhead costs on account $19,680. 4. Assigned direct materials and direct labor to jobs as follows. Job No. Direct Materials Direct Labor $12,300 $6,150 47,970 30,750 36,900 24,600 Prepare the journal entries to record (1) the purchase of raw materials, (2) the factory labor costs incurred, and (3) the manufacturing overhead costs incurred during the month of January. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit (1) Raw Materials Inventory 110,700 Accounts Payable 110,700 (2) Factory Labor 86,100 Factory Wages Payable 66,420 Employer Payroll Taxes Payable 19,680 Manufacturing Overhead 79,950 Raw Materials Inventory 20,910 Factory Labor 24,600 Accumulated Depreciation Equipment 14,760 Accounts Payable 19,680 Prepare the journal entries to record the assignment of (1) direct materials, (2) direct labor, and (3) manufacturing overhead costs to production. In assigning manufacturing overhead costs, use the overhead rate calculated in (a). (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit