Sunland Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 2020, Job 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $21,60 direct labor $12,960, and manufacturing overhead $17,280. As of January 1, Job 49 had been completed at a cost of $97,200 and was part of finished goods inventory. There was a $16,200 balance in the Raw Materials Inventory account During the month of January, Sunland 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 $131,760 and $170,640, respectively. The following additional events occurred during the month. 1. Purchased additional raw materials of $97,200 on account 2. Incurred factory labor costs of $75,600. Of this amount $17,280 related to employer payroll taxes. Incurred manufacturing overhead costs as follows: indirect materials $18,360; indirect labor $21,600; depreciation expense on equipment $12,960; and various other manufacturing overhead costs on account $17.280. Assigned direct materials and direct labor to jobs as follows. 3. 4. Job No. 50 51 Direct Materials $10,800 42,120 32,400 Direct Labor $5,400 27,000 21,600 52 Assignments Question 3 of 3