E2.3 (LO 1,2,3,4), AP A job order cost sheet for Ryan Company is shown below. Analyze a job cost sheet and prepare entries for manufacturing costs. Job No. 92 For 2,000 Units Date Direct Direct Manufacturing Materials Labor Overhead Beg. bal. Jan. 28281 5,000 6,000 4,200 6,000 8,000 6,400 25 2,000 27 4,000 3,200 13,000 18,000 13,800 Cost of completed job: Direct materials Manufacturing overhead $13,000 18,000 13,800 $44,800 $22.40 Instructions Direct labor Total cost Unit cost ($44,800-2,000) 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 overhead rate was used in each year? E2.4 (LO 1, 5). AN Manufacturing cost data for Orlando Company, which uses a job order cost system, are presented below. Analyze costs of manufacturing and determine missing amounts. Case A Case B Direct materials used $ (a) $ 83,000 Direct labor 50,000 140,000 Manufacturing overhead applied 42,500 (d) Total manufacturing costs 145,650 (e) Work in process 1/1/20 (b) 15,500 Total cost of work in process 201,500 (1) Work in process 12/31/20 (c) 11,800 Cost of goods manufactured 192,300 (g) Instructions Indicate the missing amount for each letter. Assume that in all cases manufacturing overhead is applied on the basis of direct labor cost and the rate is the same.