Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Job V, which was started and completed during the current period, shows charges of $5,600 for direct materials. $9,600 for direct labor, and $5,568 for overhead on its job cost sheet Job W. which is still in process at year-end, shows charges of $3,600 for direct materials and $4,300 for direct labor. Required: Should any overhead cost be applied to Job Wat year-end? Yes No 16. How much overhead cost should be applied to Job W? Overhead cosi 2. How will the costs included in Job W's job cost sheet be reported within Sigma Corporation's financial statements at the end of the year? Raw Materials Work-in-Process Finished Goods