A job order cost sheet for Ryan Company is shown below. (a) On the basis of the foregoing data, answer the following cuestions. (1) What was the balance in Work in Process Inventory on January 1 if this was the only unfinished job? (2) If marufacturing overhead is applied on the basis of direct labor cost, what overhead rate was used in each year? (Round answers to 0 dechmol ploces, eg. 555 . (b) Prepare uimmary entries at January 31 to record the current vear's transactions pertaining to Job No. 92. ICredit account eliec are automatkelly indented when amout as enternt De net indent mancualiyd (To record row materials used) 31 (To record factory labor used) 31 (To record manufacturing overhead) 31 (To record job completed) eTertbook and Media eTextbook