Answer question b

On the basis of these 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 labour cost, what overhead rate was used in each year? Prepare summary entries at January 31 to record the current year's transactions pertaining to Job No. 92 . (List all debit entries be Current Attempt in Progress