10 Assignmen D ch. 16 Exercises a/X Y C) ch. 16 Do It! Ans. er . ( . D nd%20Problems%20(2). PDF 6-3 A job order cost sheet for Ryan Company is shown below Job No. 92 For 2,000 Units Direct Manufacturing bOrOverhead Direct DateMaterialsLabor Beg. bal. Jan. 1 5,000 6,000 2,000 13,000 6,000 8.000 4,000 4.200 6.400 3,200 12 25 27 18,000 13,800 Cost of completed job: Direct materials Direct labor Manufacturing overhead $13,000 18,000 13,800 $44,800 Total cost Unit cost ($44,800 2,000) $22.40 tructions On the basis of the foregoing data, answer the following questions (1) What was the balance in Work in Process Inventory on January I if this was the only unfinished job? (2) If manufacturing overhead is applied on the hasis of direct labor cosl, what over- head rate was used in each vear? Prepare summary entries at January 31 to record the current year's transactions per taining to Job No. 92