A job order cost sheet for Ryan Company is shown below. (a) On the basis of the foregoing data, antiver the following questions: (1) What was the balance in Workin Process inventory an Janoary 1 if this was the only unfinished job? Balance in Work in Process inventoryon January 1 (2) If manufacturing owerhesd is apolied on the basis of direct labor cost. What overtwead rate was used in each year? (Round ans wert to 0 decimal places, cas, 55. (b) Prepare summary entries at January 31 to record the current year's transactions pertaining to Job No, 92 (Credit account tities ore outomatically indented when amount is entered. Do not indent manually.)