A job order cost sheet for Ryan Company is shown below.

Analyze a job cost sheet and prepare entries for manufacturing costs.

Job No. 92			For 2,000 Units
Date	Direct Materials	Direct Labor	Manufacturing Overhead
Beg. bal. Jan.1	5,000	6,000	4,200
8	6,000
12		8,000	6,400
25	2,000
27		4,000	3,200
	13,000	18,000	13,800
Cost of completed job:
Direct materials			$13,000
Direct labor			18,000
Manufacturing overhead			13,800
Total cost			$44,800
Unit cost ($44,800 2,000)			$22.40

Instructions

a. On the basis of the foregoing 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?

2. If manufacturing overhead is applied on the basis of direct labor cost, what overhead rate was used in each year?

b. Prepare summary entries at January 31 to record the current year's transactions pertaining to Job No. 92.