eyplus.com/courses/36553/assignments/3851251 Question View Policies Current Attempt in Progress Ajob order cost sheet for Ryan Company is shown below. upport Job No. 92 For 2,000 Units Direct Materials Direct Labor Manufacturing Overhead Date Beg, bal. Jan. 1 5,200 7,000 4,900 7.000 10,000 8,000 2.900 5,000 22.000 4,000 16,900 15,100 Cost of completed job: Direct materials $15,100 22.000 Direct labor Manufacturing overhead 16.900 Total cost $54.000 Unit cost (554,000 - 2000) $27.00 (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? Balance in Work in Procementary on January 1 $ (2) mantacturing overhead is applied on the basis of direct labor cost, what overhead rate was used in each year? (Rounda decimal places. 55%) Last year Current year Overhead rate Prepare Summary entries at January 31 to record the current year's transactions pertaining to Job No. 92. (Credit account title automatically indented when amount is entered. Do not indent manually! Debit Credit Date Account Titles and Explanation Jan. 31 (To record raw materials used) (To record factory labor used) (to recorde d uring head) to record oboled)