Question

Sunland Company uses a job order cost system and applies overhead to production on the basis of direct labor 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, 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 $145,180 and $188,020, respectively. The following additional events occurred during the month. 1. Purchased additional raw materials of $107,100 on account. 2. Incurred factory labor costs of $83,300. Of this amount $19,040 related to employer payroll taxes. 3. 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. 4. 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

I Need help here:

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		Direct Materials		Direct Labor		Manufacturing Overhead
Jan.		$		$		$
		$		$		$
Cost of completed job
Direct materials						$
Direct labor
Manufacturing overhead
Total cost						$

Answer 1

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.		$ 23800		$ 14280		$ 19040
Jan.		11900		5950		7933
		$35700		$20230		$26973
Cost of completed job
Direct materials						$35700
Direct labor						20230
Manufacturing overhead						26973
Total cost						$ 82903

Job No. 51
Date		Direct Materials		Direct Labor		Manufacturing Overhead
Jan.		$46410		$29750		$39667
		$ 46410		$ 29750		$ 39667
Cost of completed job
Direct materials						$46410
Direct labor						29750
Manufacturing overhead						39667
Total cost						$ 115827