Prepare the journal entries recorded in January related to job No 587 1 Cost tlows and overhead application Cleveland Metals uss a job cost system and applies factory overhead to produc- tion at a predetermined rate of 180of direct labor cost. Data pertaining to recent operations follow Job No. 6 was the only job in process on January 1 of the current vear The Work in Process account contained a $21.600 balance on this date job N. 637.638, and 639 were started during Ianuary Total direct material requisitions and direct labor incurred during January amounted to 589 200 and 5114 500, respectively The only job that remained in process on January 31 was job Nobis with costs of $15.000 for direct materials and $20.000 for direct labor a. Compute the total cost of the work in process inventory on January 31 b. Compute the cost of jobs completed during January, and present the proper jour nal entry to reflect job completion ad application