how do I prepare a summary entries

Lice ASSICULOUCDUUR ament CALCULATOR MESSAG Exercise 2-3 A job order cost sheet for Lowry Company is shown below. Job No. 92 Direct Materials Direct Labor For 2,000 Units Manufacturing Overhead Date Beg. bal. Jan. 1 5,000 6,000 5,100 6,000 8,000 6,400 2,000 4,000 18,000 3,200 14,700 13,000 Cost of completed job: Direct materials Direct labor Manufacturing overhead Total cost Unit cost ($45,700/2,000) $13,000 18,000 14,700 $45,700 $22.85 (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? CALCULATOR MESSAGE MY INSTRUCTOR FULL S (1) What was the balance in Work in Process Inventory on January 1 if this was the only unfinished job? Balance in Work in Process Inventory on January 1 16100 (2) If manufacturing overhead is applied on the basis of direct labor cost, what overhead rate was used in each year? Overhead rate Last year S85% Current year 80 80 RCES CALCULATOS MESSAGE HY INSTRUCTOR FULL SCREEN PRINTER VERSION BACK (b) Prepare summary entries at January 31 to record the current year's transactions pertaining to Job No. 92. (Credit account titles are automatically indented when amoune is entered. Do not indent manually) Date Account Titles and Explanation Debit Jan. 31 (To record raw materials used) 31 (To record factory labor used) 31 ... (To record manufacturing overhead) (To record job completed)