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Please help me fill out the boxes on part b that requires numeric values.

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A job order cost sheet for Ryan Company is shown below.

Job No. 92						For 2,000 Units
Date		Direct Materials		Direct Labor		Manufacturing Overhead
Beg. bal. Jan. 1		7,000		6,980		4,886
8		6,980
12				9,600		7,200
25		2,500
27				4,800		3,600
		16,480		21,380		15,686

Cost of completed job:
Direct materials		$ 16,480
Direct labor		21,380
Manufacturing overhead		15,686
Total cost		$ 53,546
Unit cost ($ 53,546 2,000)		$ 26.77

(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?

Balance in Work in Process Inventory on January 1

$ enter the balance in Work in Process Inventory on January 1 in dollars

(2) If manufacturing overhead is applied on the basis of direct labor cost, what overhead rate was used in each year? (Round answers to 0 decimal places, e.g. 55%.)

		Last year		Current year
Overhead rate		enter percentages rounded to 0 decimal places	%	enter percentages rounded to 0 decimal places	%

(b) Prepare summary entries at January 31 to record the current years transactions pertaining to Job No. 92. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

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