E2-3A job order cost sheet for Aikman Company is shown below. Job No. 92 For 2,000 units Direct materials DateBeg. bal. Jan.1 =$5,000, Jan.8 =$6,000, Jan.12 =?, Jan.25 =$2,000, Jan.27 =?, Total = $13,000. Direct labor Date, Beg. Bal. Jan. 1 =$6,000, Jan.8= ?, Jan.12= $8,000, Jan.25= ?, Jan.27=$4,000, Total= $18,000. Manufacturing Overhead Date, Beg. bal. Jan.1= $4,500, Jan.8= ?, Jan.12=$6,400, Jan.25=?, Jan.27= $3,200, Total =$14,100. Cost of completed job: Direct materials=$13,000 Direct labor =$18,000 Manufacturing overhead=$14,100 Total cost =$45,100 Unit cost ($45,100 2,000) =$22.55 Instructions: a-On the basis of the foregoing data answer the following question, 1-What was the balance in Work in Progress 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 years transactions pertaining to Job No. 92