Answer:
Degelman Company
Job Cost Sheets:
                                             Job 50          Job 51           Job 52
Beginning balances:
Direct materials                $23,400 
Direct labor                       $24,040 
Manufacturing overhead $28,720
Direct materials                    11,700         $45,630      $35,100
Direct labor                           5,850           29,250       23,400
Manufacturing overhead     7,605           38,025       30,420
Total cost of Job 50        $101,315          $74,880     $88,920
Explanation:
a) Data and Calculations:
Beginning WIP: Job 50
Direct materials                $23,400 
Direct labor                       $24,040 
Manufacturing overhead $28,720
Total cost of Job 50         $76,160
Finished Goods Inventory:
Completed Job No. 49 at a cost of $205,300
Raw materials $27,550
Sales of Job 49 = $142,740
Sales of Job 50 = $284,860
Manufacturing overhead:
indirect materials $19,890; 
indirect labor       $23,400; 
depreciation expense
 on equipment     $14,040; 
other manufacturing
 overhead costs  $18,720
Total overheads $76,050
Applied Overhead:
               Direct Labor   Overhead Applied
Job 50       5,850                $7,605  
Job 51     29,250                38,025
Job 52    23,400                30,420
Total    $58,500               $76,050
Overhead rate = 76,050/58,500 = $1.30