Please help with the part B of the question they are saying the 1st entry is wrong. Thank you.

A job cost sheet for Wildhorse Company is shown below. \begin{tabular}{lc} \hline Cost of completed job: & \\ Direct materials & $12,580 \\ Direct labour & 20,180 \\ Manufacturing overhead & $45,60012,840 \\ Total cost & $22.80 \end{tabular} (a) Your answer is correct. On the basis of these 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? 2. If manufacturing overhead is applied on the basis of direct labour cost, what overhead rate was used in each year? Prepare summary entries at January 31 to record the current year's transactions pertaining to Job No. 92. (List all debit entries b