During the first quarter, Sheffield Company incurs the following direct labor costs: January $53,700, February $46,100, and March $72,100. For each month, prepare the entry to assign overhead to production using a predetermined rate of 70% of direct labor cost. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)

The journal entries are shown below:

For January month

Work in Progress Inventory A/c Dr $37,590

To Manufacturing Overhead $37,590

(Being assigned overhead recorded)

For February month

Work in Progress Inventory A/c Dr $32,270

To Manufacturing Overhead $32,270

(Being assigned overhead recorded)

For March month

Work in Progress Inventory A/c Dr $50,470

To Manufacturing Overhead $50,470

(Being assigned overhead recorded)

The computation of the assigned overhead is shown below:

= Overhead * predetermined rate

This formula should be used for all three months