Sandhill 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 $24,000, direct labor $14.400, and manufacturing overhead $19.200. As of January 1. Job 49 had been completed at a cost of $108.000 and was part of finished goods inventory. There was a $10,000 balance in the Raw Materials Inventory account on January 1. During the month of January Sandhill Company began production on Jobs 51 and 52, and completed Jobs 50 and 51 Jobs 49 and 50 were sold on account during the month for $146,400 and $189.600, respectively. The following additional events occurred during the month. 1. Purchased additional raw materials of $108,000 on account. 2 Incurred factory labor costs of $84,000. 3 Securred manufacturing overhead costs as follows: depreciation expense on equipment $14.400; and various other manufacturing overhead costs on account $19,200. 4 Assigned direct materials and direct labor to jobs as follows Job No. Direct Materials Direct Labor 50 $12,000 $6,000 51 46,800 30.000 52 36,000 24.000 Assigned indirect materials of 520 $24,000 Prepare the journal entries to record the assignment of (1) raw materials, (2) factory labor, and (3) manufacturing overhead costs to production. In assigning manufacturing overhead costs use the overhead rate calculated in (a). (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation (1) Work in Process Inventory Raw Materials Inventory Debit 94800 (2) Work in Process Inventory 60000 Factory Labor (3) Work in Process Inventory Manufacturing Overhead 72000 Credit 94800 60000 12000