E20.3 (LO 1, 2, 3, 4), AP A job cost sheet for Ryan Company is shown below. Job No. 92 Date Beg. bal. Jan. For 2,000 Units Manufacturing Overhead Direct Materials Direct Labor 27 18222 5,000 6,000 4,200 6,000 8,000 6,400 25 2,000 4,000 3,200 13,000 18,000 13,800 Cost of completed job: Direct materials Direct labor Manufacturing overhead Total cost Unit cost ($44,800 2,000) Instructions a. On the basis of this data, answer the following questions. $13,000 18,000 13,800 $44,800 $ 22.40 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? b. Prepare summary entries at January 31 to record the current year's transactions pertaining to Job No. 92. Analyze costs of manufacturing and determine missing amounts