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 $$6,800$ for direct materials, $$9,400$ for direct labor, and $$6,956$ for overhead on its job cost sheet. Job W$,$ which is still in process at year$-$end, shows charges of $$3,800$ for direct materials and $$4,100$ for direct labor.

Required:

$1.$ How much overhead cost should be applied to Job W$?$

$2.$ 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?