Current Attempt in Progress A job order cost sheet for Ryan Company is shown below. Job No. 92 Direct Materials 6,300 7.000 Direct Labor 7,000 For 2,000 Units Manufacturing Overhead 4900 Date Beg, bal. Jan. 1 8 12 25 27 B,000 6.400 2,600 4,000 19.000 3,200 14,500 15.900 Cost of completed job Direct materials Direct labor Manufacturing overhead Total cost Unit cost ($49,400 2,000) $15.900 19.000 14,500 $49,400 $24.70 (a) On the basis of the foregoing data, answer the following questions (1) What was the balance in Work in Process Inventory on Janudry lif this was the only unfinished job? (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 jok Balance in Work in Process Inventory on January 15 (2) If manufacturing overhead is applied on the basis of direct labor cost, what overhead rate was used in each year? (Round answers to decimal places, eg, 55%) Last year Current year Overhead rate b) Prepare submary entries at January 31 to record the current year's transactions pertaining to Job No. 92. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Credit Date Debit Jan. 31 (To record raw materials used) 31 To record factory.labor used Credit Date Debit Account Titles and Explanation Jan. 31 (To record raw materials used) 31 (To record factory labor used) 31 (To record manufacturing overhead) 31 (To record job completed)