Question 1 of 4 8.2/25 E Current Attempt in Progress Pharoah 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 $ 22,400, direct labor $ 13,440, and manufacturing overhead $ 17,920. As of January 1, Job 49 had been completed at a cost of $ 100,800 and was part of finished goods inventory. There was a $ 16,800 balance in the Raw Materials Inventory account on January 1. During the month of January, Pharoah 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 $ 136,640 and $ 176,960, respectively. The following additional events occurred during the month. 1. Purchased additional raw materials of $ 100,800 on account. 2 Incurred factory labor costs of $ 78,400. 3 Incurred manufacturing overhead costs as follows: depreciation expense on equipment $ 13.440: and various other manufacturing overhead costs on account $ 17,920 4. Assigned direct materials and direct labor to jobs as follows Job No. Direct Materials Direct Labor 50 $11.200 $ 5,600 51 43.680 28,000 52 33.600 22.400 5. Assigned indirect materials of $ 19.040 and indirect labor of $ 22,400, Question 1 of 4 8.2 / 25 III Your answer is partially correct. 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 Debit Credit (1) Work in Process Inventory Manufacturing Overhead Raw Materials Inventory (2) Work in Process Inventory Manufacturing Overhead INICIO (3) Work in Process Inventory Manufacturing Overhead