Oriole 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 $22,600, direct labor $13,560, and manufacturing overhead $18,080. As of January 1, Job 49 had been completed at a cost of $101,700 and was part of finished goods inventory. There was a $16,950 balance in the Raw Materials Inventory account. During the month of January, Oriole Company began production on Jobs 51 and 52 , and completed Jobs 50 and 51 . Jobs 49 and 50 were sold during the month. The following additional events occurred during the month. 1. Purchased additional raw materials of $101,700 on account. 2. Incurred factory labor costs of $79,100. 3. Incurred manufacturing overhead costs as follows: indirect materials $19,210; indirect labor $22,600; depreciation expense on equipment $13,560; and various other manufacturing overhead costs on account $18,080. 4. Assigned direct materials and direct labor to jobs as follows