The red one need to be fixed

S A job order cost sheet for Ryan Company is shown below. Job No. 92 For 2,000 Units Direct Labor Direct Materials Manufacturing Overhead Date Beg. bal. Jan. 1 5,100 6,840 4,788 dy 6,840 12 8,400 6,300 25 2,100 27 3,600 2,700 14,040 18,840 13,788 Cost of completed job: Direct materials $14,040 Direct labor 18,840 Manufacturing overhead 13,788 Total cost $46,668 Unit cost ($46,668 + 2,000) $23.33 (a) On the basis of the foregoing data, answer the following questions. (1) What was the balance in Work in Process Inventory on January 1 if this was the only unfinished job? FULL SCREEN (1) What was the balance in Work in Process Inventory on January 1 if this was the only unfinished job? Balance in Work in Process Inventory on January 1 16728 (2) If manufacturing overhead is applied on the basis of direct labor cost, what overhead rate was used in each year? (Round answer 55%.) Last year Current year Overhead rate 70 % 75 % (b) Prepare summary entries at January 31 to record the current year's transactions pertaining when amount is entered. Do not indent manually.) to Job No. 92. (Credit account titles a Account Titles and Explanation Date Credit Debit Jan. 31 Work in Process Inventory 8940 Raw Materials Inventory 8940 (To record raw materials used) 31 Work in Process Inventory 12000 Factory Wages Payable 12000 Raw Materials Inventory 8940 (To record raw materials used) 31 Work in Process Inventory 12000 Factory Wages Payable 12000 (To record factory labor used) 31 Work in Process Inventory 9000 9000 Manufacturing Overhead (To record manufacturing overhead) 46668 31 Cost of Goods Sold 46668 Work in Process Inventory (To record job completed) Open Show Work rk for this question: Click if you would like to Show Wo