I Sigma Corporation applies overhead cost toJobs on the basis of direct labor cost. Job V. which was started and completed during the current period, shows charges of $5.1oo for direct materials, $3,900 for direct labor, and $4,934 for overhead on Its jolo cost sheet. Job W. which is still in process at year-end. shows charges of $4,200 for direct materials and $5.GUG for direct labor. Required: 1a. Should ant.r overhead cost be applied to Job W at year-end? D Yes D No 1b. How much overhead cost should be applied to Job W? :| 2. How will the costs included In Job W'sjob cost sheet be reported within Sigma Corporation's financial statements at the end of the year? 0 Raw Materials C} Work-in-Process C} Finished Goods