(2) If manufacturing overhead is applied on the basis of direct labor cost, what overhead rate was used in each year? (Round answers to 0 decimal places, e.s. 55%.) (To record manufacturing overhead) 31 (To record job completed) A job order cost sheet for Oriole Company is shown below. (a) On the basis of this data, answer the following questions. (1) What was the balance in Work in Process Inventory on January 1 if this was the only unfinished job? Balance in Workin Process Inventoryon January 1 \$ (b) Prepare summary entries at January 31 to record the current year's transactions pertaining to Job No. 92. before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.)