Wilhorse Company uses a job order cost system and bpplies overhead to production en the busis of direct laboc costs On January 1 . 2022. 10650 was the only job in process. The costs incurred prior to lanuary 1 on this job were as followis direct materials $24,400. birect labor $14,640, and manufacturing overhead $19,520. As of January 1 . Job 49 had been completed at a cost of $109,00 and During the month of January. Wildhorse Company began production on Jobs 51 and 52 , and completed lobs 50 and 51 . Jobs 49 and 50 were sold on account during the month for $148,840 and $192,780, respectively. The following additicnal events occurred during the month. 1. Purchased additional raw materials of $109.800 on account. 2. Incurred factory tabor costs of 585,400 . 3 Incurred manufacturing overhead costs as follows: depreciation expense on equipment $14,640 - and various other manutacturing overhead costs on account $19,520. 4. Assigned direct materials and direct Wber to jobs as follows. 5. Assigned indirect materials of $20,740 and indirect hbor of $24,400 Calculate the predetermined overhead rate for 2022, assuming Wildhorse Company estimates total manufacturing over head costs of $1,024,800, direct labor cosfs of $854,000, and direct labor hours of 24,400 for the year. Predetermined overhead rate 2 List of Accounts Attempts: 2 of 2 used 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.)