View Policies Show Attempt History Current Attempt in Progress Bonita Company uses a job order cost system and applies overhead to production on the basis of direct tabor 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 $23.800, direct labor $14,280, and manufacturing overhead $19.040. As of January 1. Job 49 had been completed at a cost of $107,100 and was part of finished goods inventory. There was a $17,850 balance in the Raw Materials Inventory account. During the month of January, Bonita 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 $145,180 and $188.020, respectively. The following additional events occurred during the month 1. Purchased additional raw materials of $107,100 on acount. 2 Incurred factory labor costs of $83,300. Of this amount $19,040 related to employer payroll taxes. 3. 4. Incurred manufacturing overhead costs as follows: indirect materials $20,230, indirect labor $23.800; depreciation expense on equipment $14,280: and various other manufacturing overhead costs on account $19,040. Assigned direct materials and direct labor to jobs as follows Job No. Direct Materials Direct Labor 50 $11,900 $5,950 51 46,410 29.750 52 35,700 23,800 Your answer is partially correct 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 (1) Raw Materials Inventory Accounts Payable Debit 95400 72 (2) Factory Labor 83740 tory Labor Employer Payroll Taxes Payable Factory Wages Payable 18020 (3) Manufacturing Overhead Raw Materials Inventory 74200 Factory Labor Accumulated Depreciation-Buildings Axounts Payable 21200 Credit 95400 83740 18020 57240 16960