Analyze a job cost and prepare entries manufacturing cost (LO 1, 2, 3, 4) 6,000 6,375 E2-3B A job order cost sheet for Trend Company is shown below. Job No. 99 For 2,000 Units Direct Direct Manufacturing Date Materials Labor Overhead Beg. bal. Jan. 1 4,105 4,200 6,000 8,500 2,000 4,000 3,000 12,105 18,500 13,575 Cost of completed job: Direct materials $12,105 Direct labor 18,500 Manufacturing overhead 13,575 Total cost $44,180 Unit cost ($44,180 + 2,000) 22.09 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 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. 99