Sunland 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 $23,200, direct labor $13,920, and manufacturing overhead $18,560. As of January 1, Job 49 had been completed at a cost of $104,400 and was part of finished goods inventory. There was a $17,400 balance in the Raw Materials Inventory account on January 1. 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 sold on account during the month for $141,520 and $183,280, respectively. The following additional events occurred during the month. 1. Purchased additional raw materials of $104,400 on account. 2. Incurred factory labor costs of $81,200. 3. Incurred manufacturing overhead costs as follows: depreciation expense on equipment $13,920; and various other manufacturing overhead costs on account $18,560. 4. Assigned direct materials and direct labor to jobs as follows. 5. Job No. Direct Materials Direct Labor 50 $11,600 $5,800 51 45,240 29,000 52 34,800 23.200 Assigned indirect materials of $19,720 and indirect labor of $23,200. Calculate the predetermined overhead rate for 2022, assuming Sunland Company estimates total manufacturing overhead costs of $974,400, direct labor costs of $812,000, and direct labor hours of 23,200 for the year. Predetermined overhead rate % 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. (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) Debit Credit (2) (3) 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) Debit Credit (2) (3) Open job cost sheets for Jobs 50, 51, and 52. Enter the January 1 balances on the job cost sheet for Job 50. Post all costs to the job cost sheets as necessary. Job No. 50 Date Direct Materials Direct Labor Manufacturing Overhead Beg Jan. Cost of completed job Direct materials Direct labor Manufacturing overhead Total cost $ $ Job No. 51 Date Jan Cost of completed job Direct materials Direct labor Manufacturing overhead Total cost Job No. 52 Date Jan $ Direct Materials Direct Labor Manufacturing Overhead $ $ Direct Materials: Direct Labor Manufacturing Overhead $ Prepare the journal entries to record the sale of any job(s) during the month. (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 Debit Credit (1) (2) (To record sale of jobs) (To record cost of jobs)