Sheds, Inc. designs and buildssheds and outbuildings for individual customers. The company uses a job cost system and treats each customer's order as a separate job. At the beginning of January the company had the following raw material inventory - $400 At the beginning of January the company had the following work-in-process inventories: Job 21 - $1,00 Job 24 - 53,000 During January, the following activities took place: Started jobs 26 and 27. Purchased raw materials in January - $10,000 Requisitioned (or used) the following raw materials to the specific jobs: Job 21 - $1,500 Job 24 - $3,000 Job 26 - 52,000 Job 27 - $1,000 Incurred January manufacturing payroll: Direct Labor Job 21 - $800 Job 24 - $2,000 Job 26 - 5900 Job 27 - $1,600 Indirect labor - $500 Incurred additional manufacturing overhead costs for January: Production equipment rent - $600 Manufacturing supplies purchased and used - $500 Factory utilities- $300 Applied manufacturing overhead using a predetermined rate based on predicted annual overhead and predicted annual direct material cost as follows: Predicted Annual Overhead - $25,000 Predicted Annual Direct Material cost - $ 100,000 Completed jobs 21 and 26 in January. Customer for Job 26 picked up completed job and was billed the following: Job 26 - 57,000 The company had the following period costs that they incurred: Sales commissions - $1,000 Administrative salaries - $1,200