Exercise 2-10 Applying Overhead Cost to a Job [LO2-2] Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Job V, which was started and completed during the current period, shows charges of $5,500 for direct materials, $8,300 for direct labor, and $6,059 for overhead on its job cost sheet Job W, which is still in process at year-end, shows charges of $4,100 for direct materials and $4,900 for direct labor. Required: 1a. Should any overhead cost be applied to Job W at year-end? Yes No 10. How much overhead cost should be applied to Job W? 2. How will the costs included in Job WS job cost sheet be reported within Sigma Corporation's financial statements at the end of the year? Row Materials Work-in-Process Finished Goods