Cost of completed job: Direct materials Direct labor Manufacturing overhead Total cost Unit cost ($53,000+ 2,000) $15,900 21,000 16,100 $53,000 $26.50 (a) On the basis of this data, answer the following questions. (1) What was the balance in Work in Process Inventory on January 1 if this was the only Balance in Work in Process Inventory on January 1 $

A job order cost sheet for Sandhill Company is shown below. (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 overhead rate was used in each year? (Ro) Odecinal places, eg 55% ) (a) Prepare summary entries at January 31 to record the current year's transactions pertaining to Job No. 92. (List all de before credit entries Credit account titles are automatically indented when amount is entered. Do not indent manually)