Exercise 2-12 (Algo) Applying Overhead Cost to a Job [LO2-2] Sigma Corporation applies overhead cost to jobs based on direct labor cost. Job V, which was started and completed during the current period, shows charges of $5,400 for direct materials, $8,900 for direct labor, and $6,230 for overhead on its job cost sheet. Job W, which is still in process at year-end, shows charges of $3,600 for direct materials and $4,600 for direct labor. Required: 1a. Should any overhead cost be applied to Job W at year-end? 1b. How much overhead cost should be applied to Job W? 2. How will the costs included in Job W's job cost sheet be reported within Sigma Corporation's financial statements at the end of the year? Complete this question by entering your answers in the tabs below. Required 1a Required 1b Required 2 How much overhead cost should be applied to Job W? Overhead cost $ 16,560,000 < Required 1a Required 2 >