Problem 20-01A a, c, d1, b, d2, e-h (Part Level Submission) (Video) Crane 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 $24,800, direct labor $14,880, and manufacturing overhead $19,840. As of January 1, Job 49 had been completed at a cost of $111,600 and was part of finished goods inventory. There was a $18,600 balance in the Raw Materials Inventory account. During the month of January, Crane 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 $151,280 and $195,920, respectively. The following additional events occurred during the month. 1. 2. 3. Purchased additional raw materials of $111,600 on account. Incurred factory labor costs of $86,800. Of this amount $19,840 related to employer payroll taxes. Incurred manufacturing overhead costs as follows: indirect materials $21,080; indirect labor $24,800; depreciation expense on equipment $14,880; and various other manufacturing overhead costs on account $19,840. Assigned direct materials and direct labor to jobs as follows. 4. Job No. 50 Direct Materials $12,400 48,360 37,200 Direct Labor $6,200 31,000 24,800 51 52 (a) Prepare the journal entries to record the assignment of (1) direct materials, (2) direct labor, and (3) manufacturing overhead costs to production. In assigning manufacturing overhead costs, use the overhead rate calculated in (a). (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit (1) Work in Process Inventory Raw Materials Inventory (2) Work in Process Inventory Factory Labor (3) Work in Process Inventory Manufacturing Overhead Click if you would like to Show Work for this question: Open Show Work During January, its first month of operations, Cullumber Company accumulated the following manufacturing costs: raw materials $5,100 on account, factory labor $7,500 of which $5,800 relates to factory wages payable and $1,700 relates to payroll taxes payable, and factory utilities payable $2,900. Prepare separate journal entries for each type of manufacturing cost. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 31 (To record purchase of raw materials on account) 31 (To record factory labor costs) 31 (To record entry for utilities payable) Click if you would like to Show Work for this question: Open Show Work