Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Jop 'v', which was started and completed during the current period, shows charges of $5,413\") for direct materials, Eli-SAGE) for direct labor, and $5,922 for overhead on itsjob cost sheet. Job W, which is still in process at yearend, shows charges of $4,206 for direct materials and $4,5DD for direct labor. Required: 1a. Should anyr overhead cost be applied to Job W at yearend? D Yes D No it]. 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 nancial statements at the end of the year? 0 Raw Materials 0 1Il'lr'orlrinProcess O Finished Goods