Sigma Corporation applies overhead cost to jobs based on direct labor cost. Job V$,$ which was started and completed during the current period, shows charges of $$6,500$ for direct materials, $$8,500$ for direct labor, and $$5,185$ for overhead on its job cost sheet.Job W$,$ which is still in process at year$-$end, shows charges of $$2,800$ for direct materials and $$5,600$ for direct labor.Required:$1$a$.$ Should any overhead cost be applied to Job W at year$-$end?$1$b$.$ How much overhead cost should be applied to Job W$?2.$ How will the costs included in Job W$\text{'}$s job cost sheet be reported within Sigma Corporation's financial statements at the end of the year?