ALLIG-F20 - MANUEL.docx PART 1 Open with 1. A job order cost slicct fur Miclucl Company is slawn below. Job No. 92 Direct Labor For 2,000 Units Manufacturing Overhead 6,000 4,200 8,500 6,375 Direct Date Materials Beg. bal. Jan. 1 3,925 8 6,000 12 25 2,000 27 11,925 Cost of completed job: Direct materials Direct labor Manufacturing overhead Total cost Unit cost ($44,000 + 2,000) 4,000 18,500 3,000 13,575 $11.925 18,500 13,575 $44,000 $ 22.00 Instructions (a) Answer the following questions, (1) What was thPage in only unfinished loh LOQ Intary on January 1 if this was the SE.pdf O re to search 18,500 13,573 IL ALLIG-F20 - MANUEL.docx Open with 11925 Cost of completed job: Direct materials Direct labor Manufacturing overhead Total cost Unit cost ($44,000+ 2,000) $11,925 18,500 13,575 $44,000 $ 22.00 Instructions (a) 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 over head rate was used in each year? (b) Prepare summary entries at January 31 to record the current year's transactions per taining to Job No. 92 Page