On the basis of this data, answer the following questions.

$($a$)$ 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 $1$

$($b$)$ If manufacturing overhead is applied on the basis of direct labor cost, what overhead rate was used in each year? $($Round answers to

$0$ decimal places, e$.$g$.55\%.)($b$)$ Prepare summary entries at January $31$ to record the current year's transactions pertaining to Job No$.92.($List all debit entries before credit entries. Credit account titles are automotically indented when amount is entered. Do not indent manually.$)$job order cost sheet for Blossom Company is shown below. $($a$)$ On the basis of this data, answer the following questions.$($a$)$ On the basis of this data, answer the following questions. $(1)$ What was the balance in Work in Process Imentory on January $1$ if this was the only unfinished job? Balance in Work in Process Inventory on January $1$ s $(2)$ If manufacturing overhead is applied on the basis of direct labor cost, what overhead rate was used in each year? $($Round answers to $0$ decimal places, e$.$s$.$

$(55$