BBS Manufacturing Company manufactures one product that has several model styles. All materials are added at the beginning of production. Manufacturing overhead is applied as a percentage of direct labor cost. On January 1, 2019, one job, DE31, was in process, with the following accumulated costs: Materials $ 11,000 Direct labor 4,000 Manufacturing overhead 1,000 Total $ 16,000 The beginning finished goods inventory for BBS Manufacturing Company on January 1, 2019, was $30,000. The following additional data is given for the month of January: Total labor costs incurred $ 30,000 Total cost of completed Job DE31 21,000 Total materials costs incurred 23,000 Also, Job JA01 was begun and completed during the month. Its costs included materials of $10,000 and labor of $4,000. Job JA02 was begun during the month and was in process at the end of the month. During the month, sales were $90,000, and the gross profit rate was 40 percent. Required: For Jobs DE31, JA01, and JA02, calculate the cost of materials, labor, and overhead for the month of January to find the total cost of each job. Prepare a schedule of cost of goods sold for the month of January. Analyze: On January 1, 2019, BBS Manufacturing Company established a goal to hold raw materials costs at or below 48 percent of total job costs. Based on your computations, has the company attained this goal?