what are the three sources of power for a channel captain is use a T-account.) E20-3 A job order cost sheet for Ryan Company is shown below. And Job No. 92 For 2,000 Units (LO Date Beg. bal. Jan. 1 Direct Labor Direct Materials 5,000 6,000 Manufacturing Overhead 4,200 6,000 8,000 6,400 2,000 4,000 18,000 3,200 13,800 13,000 Cost of completed job: Direct materials Direct labor Manufacturing overhead Total cost Unit cost ($44,800 + 2,000) $13,000 18,000 13,800 $44,800 $22.40 Instructions (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? (2) If manufacturing overhead is applied on the basis of direct labor cost, what over head rate was used in each year? (b) Prepare summary entries at January 31 to record the current year's transactions per taining to Job No. 92