4x E4-32 (similar to) Question Help o Ryan Company produces pipes for concert-quality organs. Each job is unique. In April 2016, it completed all outstanding orders, and then, in May 2016, it worked on only two jobs, M1 and M2: 6 Click the icon to view the job information.) Direct manufacturing labor is paid at the rate of $24 per hour. Manufacturing overhead costs are allocated at a budgeted rate of $18 per direct manufacturing labor-hour. Only Job M1 was completed in May. Read the requirements. Data Table Ryan Company, May 2016 Direct materials Direct manufacturing labor Job M1 Job M2 $ 74,000 $ 58,000 270,000 204,000 Print Done Requirements . 1. Calculate the total cost for Job M1. 2. 1,100 pipes were produced for Job M1. Calculate the cost per pipe. 3. Prepare the journal entry transferring Job M1 to finished goods. 4. What is the ending balance in the Work-in-Process Control account? Print Done